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Bike To Work Explained

Two wheels good – Four wheels bad!

Using the Bike to Work scheme, your employer can help you obtain a brand new bike and safety equipment worth up to 1,000 euro.

You can use a salary sacrifice arrangement to pay for the bike monthly and that means you can save up to 51% of the retail price of bike and equipment.

Save up to 52% of the cost of your new bike and accessories at BikesOrBicycles.com

Simply put:

  • Workers in the higher tax bracket save 52%
  • Workers in the lower tax bracket save 31%

How much can I save?

You save: €{{result}}

We can work it out…

Want an estimate of how much you could save by availing of the Bike to Work Scheme? Simply select your tax rate from the dropdown in our calculator, slide the value to match how much you think you’ll need to spend and your approximate savings appear like magic!

Just hit the CALCULATE button to contact us for more details and you could saving money, reducing calories and shrinking your carbon footprint all in one go

Actual savings will depend on each individuals personal circumstances. Our calculation is based on a typical example of savings possible as both a Basic Rate taxpayer (20%) and a Higher Rate taxpayer (40%)

Frequently asked questions

Find out more about our Cycle to Work scheme and how you could have a brilliant new bike for much less than you might have thought!

HOW DO YOU BUY A BIKE ON THE SCHEME?

Its so easy!

    • 1. Drop in and have a chat with us about which bike would best suit you
    • 2. Once you’ve found your dream bike we will give you an invoice for the bike and accessories
    • 3. Give the invoice to your employer
    • 4. Once we have received payment you can come and collect your new bike!
    • 5. Over the next year your employer will deduct the cost from your gross wage over an agreed period of time

Simple!

WHAT ACCESSORIES CAN I GET?

  • Cycle Helmets
  • Bike Locks
  • Bells
  • Lights
  • Mudguards
  • Panniers, luggage carriers and straps to allow luggage to be safely carried
  • Pumps, puncture repair kits, cycle tool kits
  • Reflective clothing

I'M AN EMPLOYER - WHAT BENEFITS ARE THERE FOR ME?

Using the Cycle to Work scheme, your company can purchase a brand new bike and safety equipment worth up to €1,000 Tax Free, for your employees.

You can use a salary sacrifice 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 and equipment but your company also makes a saving of 10.75%.

WHY NOT CONSIDER RUNNING IT WITHIN YOUR BUSINESS IT CAN SAVE YOU MONEY!

More questions?
Drop into us anytime at 47 Upper Clanbrassil Street, or feel free to give us a call on 01 561 0638