Posted on
Monday,
12 Mar 2018

Cycle Scheme

The Cycle to Work Government Scheme is the cheapest way to buy a bike. This tax incentive scheme is designed to encourage more people to get on their bikes and cycle to work!

You can buy any kind of bike, commuting, road, mountain or Electric.

Tax Benefits

You can save up to 51% off the price of a new bicycle & accessories up to a maximum cost of €1,000 under a Government Cycle to Work Scheme.

Health Benefits

Cycling is a great form of exercise and by cycling to work, you'll make sure you stay active and get good exercise everyday without using up any more of your valuable time. Cycling keeps you fit, it's fast, cheap and reliable - and it's great for the environment.

How to participate?

Your employer simply pays for the bike and equipment of your choice on your behalf, and off you go. Your Employer will inform you how the payment will work exactly, whether they buy the bike outright or it operates under a "salary sacrifice" arrangement, but either way you save on Tax!

It is quick & easy to participate in the scheme. There are no Government forms to fill out and you do have to inform Revenue you are availing of the scheme. Your employer saves 10.7% on employer PRSI so it is a win-win for both of you.

If you would Like more information or would like us to provide you with a quote you can contact us on (01) 272 3010 or email us Here.