Government initiative offering tax free bikes for cycling to work

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Bike to Work is a scheme which 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 52% of the retail price of bike and equipment. Your employer also makes savings to encourage them.

Benefits to the employee

  1. Huge savings on bikes and accessories
  2. Big Selection of Brands
  3. Get Healthy & Fit
  4. Expert Staff – for your help at anytime
  5. Delivery to your door

You can use a salary sacrifice arrangement to pay for the bike monthly and that means you can save up to 52% of the retail price of bike and equipment. Your employer also makes savings to encourage them.

How the Tax Break Works

  1. Bike to Work Ltd set up a Bike to Work microsite / website account for your organisation.
  2. Your employee visits the microsite, picks a Bike to Work Ltd partner shop and gets a quote.
  3. The employee enters the quote on the microsite.
  4. The employee prints off and completes a Purchase Agreement and forwards it to HR.
  5. HR approves the order and is automatically invoiced for the order.
  6. On receipt of payment Bike to Work Ltd emails the employee a voucher
  7. Finally, the employer reduces the employees gross / pre-tax salary by the cost of the bike using Salary Sacrifice

 

Bike to Work Scheme

Bike to Work Scheme - Little Sport Bike Shop Dublin
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