CYCLE TO WORK SCHEME


CYCLE TO WORK SCHEME

The Cycle to Work Scheme was introduced in 2009 to encourage greater usage of bicycles for journeys to and from work. The scheme offers significant savings for the purchase of a bicycle and related equipment - up to 48% off the retail price, depending on your tax rate - and is very easy to access providing your employer is offering the scheme.

This means that a bike and accessories with a retail price of 500.00 may only cost you 260.00 after the tax savings. The maximum benefit allowed is 1,000.

In addition to the bike, the scheme covers a range of equipment such as helmets, lights, locks, bells, mirrors, cycle clips, panniers, luggage carriers & straps, pumps, puncture repair kits, cycle tool kits, reflective clothing and reflectors.

The scheme also offers savings for employers who operate it as their employers contribution of PRSI will reduce.

If you have any further questions please feel free to contact us via this website and we will reply to you directly.


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