Since 1st January 2009, a government scheme to encourage people to cycle to work came into force. Cycling keeps you ﬁt, it’s fast, cheap and reliable – and it’s good for the environment.
The new bike scheme covers bicycles and accessories up to a maximum cost of €1,250. The bicycle must be purchased by your employer but the scheme can then operate either with your employer bearing the full cost of the bicycle, or by way of a salary sacriﬁce agreement (like the existing travel card scheme) in which you pay for it, tax free, over 12 months.
Participating in the bicycle scheme is easy. If your employer decides to take part, they simply buy the bike and equipment on your behalf and off you go. Its is up to you and your employer to decided whether they buy the bike outright for you or whether you pay for it via ‘salary sacrifice’. Either way you save on tax.
The scheme is flexible in its application in that your employer doesn’t have to specifically notify the Revenue Commissioners that you’re availing of the scheme and there are no Government forms to fill out. However, your employer does have to maintain the normal records such as invoices and payment details associated with buying the bike.
Cycle To Work Voucher Payment Schemes
The schemes that we accept vouchers from are:
If you have any questions please don’t hesitate to contact us.
Cycle to Work Scheme Admin
Unfortunately, we cannot bere the cost to sale bicycles on Cycle to work certificates. Therefore sale bikes on Cycle to work will be charged at rrp. However, you will still benefit from your full cycle to work savings and spread the cost. Please contact the store for more information.