Bike to Work Scheme
Since 2009, a new 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 €1,000. 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. In other words, you don't pay tax on that €1000 and it is deducted nice and gently over a year.
Call in to talk to us for more details