Bike To Work
How does it work?
It couldn’t be simpler.
The Scheme enables an employee to get a bike and accessories of up to €1250 ( €1500 for Electric bike ) in value tax free once every 4 years through their employer.
Step 1. Come to see us and choose the right bike for you from our wide range. We then give you an invoice to present to your employer.
Step 2. Your employer pays for your bike (and accessories) by cheque, bank transfer or voucher.
Step 3. Collect your New Bike or Electric bike and accessories at sho
Higher Rate Taxpayer: 41% tax + 4% PRSI + 7% USC = 52% | ||||
Bicycle & Accessory Purchase | €250 | €500 | €750 | €1000 |
Tax Relief Saving % | 52% | 52% | 52% | 52% |
Tax Relief Saving | €136 | €260 | €390 | €520 |
Net Cost ( What you pay ) | €120 | €240 | €360 | €480 |
Cost per week over 12 months; | €10 | €20 | €30 | €40 |