Your cart is currently empty
The exemption applies to the first €1,250 expenditure on a a Regular Bike, €1,500 on an Electric Bike or €3,000 on a Cargo Electric Bike.
Using the Cycle to Work scheme, your company can purchase new bike & accessories for your employees. (Limit: €1,250 on a Regular Bike, €1,500 on an Electric Bike or €3,000 on a Cargo Electric Bike)
You can use a salary payback 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 & accessories but your company also makes a PRSI saving of 10.75%.
Organisations with a healthy staff will have improvement in the following:
No more traffic jams or being late because you missed your bus. It's proven that commuting by bike is the most reliable way of transport in the cities.
Employees make a saving of between 31% - 51% depending on tax rate, making it easily the cheapest way to buy a bike.
Cycling is a great form of exercise and by cycling to work you will:
If you availed of the Cycle to Work scheme in 2012 or earlier you are eligible to re-apply for the scheme, no matter what month your original application was made.