Save up to 40% on Bikes & Accessories
Employees make a saving of between 20% - 40% depending on tax rate, making it easily the cheapest way to buy a bike. Employees can avail of additional discount on accessories purchased through Cycle to Work Scheme
New Limits
The exemption applies to the first €1,250 expenditure on a a Regular Bike, €1,500 on an Electric Bike or €3,000 on a Cargo Electric Bike.
4 Year eligbility
The individual is be able to avail of the scheme once the four-year period.
Health Benefits
Cycling is a great form of exercise and by cycling to work you will:
-Feel Happier
-Live Longer
-Travel Cheaper
-Loose weight
-Save the planet
Tax Benefits
Using the Cycle to Work scheme, your company can purchase new bike & accessories for your employees. (Limit: €1,250 on a Regular Bike, €1,500 on an Electric Bike or €3,000 on a Cargo Electric Bike)
You can use a salary payback arrangement to allow your employees to pay for the bike over an agreed amount of time up to 12 months. This means that the employees saves between 31% - 51% (depending on tax rate) of the retail price of bike & accessories but your company also makes a PRSI saving of 10.75%.
Healthier Staff
Organisations with a healthy staff will have improvement in the following:
-Productivity
-Business Performance
-Staff Morale
-Employee Engagement
Punctual Staff
No more traffic jams or being late because you missed your bus. It's proven that commuting by bike is the most reliable way of transport in the cities.