There are many benefits of the Bike to work scheme from an employer’s perspective. Beyond the obvious green credentials of the Cycle Scheme, employers can ensure their employees receive tax relief on a proportion of their salary designated under the Cycle to work Scheme. The purchase price of the Bike is a non taxable benefit for the employee that saves tax in terms of PAYE, USC and PRSI. Employers can also benefit from a healthy active workforce, lower absenteeism and also reducing the carbon footprint of the organisation.
The Cycle to work scheme is ideal for companies with a large work-workforce commuting on a regular daily basis in urbanised environments. Equally with remote working now taking hold, encouraging cycling is great for employee’s moral and wellbeing. Get fit, Get active, Get cycling !
Broadly speaking there are two income tax types in Ireland, and the savings achieved under the cycle work scheme will depend on the tax rate you pay:
This Lower rate of tax applies if you have an Income of €35,300 or less. If you fall into this category you can save 31% on the purchase of the bike up to a maximum value of €1,250 (normal bike) and €1,500 (E-bike). The bike is put through as a non-taxable amount on your payslip and your employer pays us directly.
The higher rate of tax applies if you have an income above €35,300. If you fall into this category you can save Up to 51% of the cost of the bike up to a maximum value of €1,250 (normal bike) or up to €1,500 (for an E-bike)
The scheme enables you to apply once every 4 years so it’s best to utilize the full allowable cap to €1,250 (normal bike) and €1,500 (E-bike) if you can afford to do it.
We offer an innovative free online quotation service for employees, a first in Ireland where you can get a no-obligation quote free online. Simply browse our bikes online
Simply select the bike you want and click on the Ride to work quote button and we will contact you by email confirming your quotation details and bike specification. If you want to proceed a simple follow up call will allow us to check bike availability, and issue the invoice to your employer for payment.
If we don’t have the exact bike in stock we will contact you directly and we can offer you a bike from a range of world-renowned bike brands that we stock including Giant, Romet, Leader, Basso, Fondriest, Kelly’s & BH
To apply simply select the category of bike you are interested in and click on Ride to work Quote button on product selection and complete your details. Your quote will come straight into our quotation system and our customer service agents will review it and get in contact by email or phone. It’s as easy as 1, 2, 3.
Many employers don’t know that the Cycle to work Scheme can be administered directly with the retailer/Bike shop. At the Cycle centre we deal directly with many large government departments including HSE, Department of Education and Skills, Health Service Executive, DESH, Civil Service, Louth Co Co, Meath Co Co, Dublin Co Co, Monaghan Co Co, Cavan Co Co, An Garda Siochana, Department of Defence, Enterprise Ireland, IBEC, European Commission, IMO, Irish Medical Association, Royal Academy of surgeons, RCSI, Dundalk Institute of Technology (DKIT) Royal Academy of Medicines, Dublin Bus, Bus Eireann, as well as numerous local council and government authorities.
In addition to this we deal with many private companies including Lidl, Aldi, Tesco, Diageo ireland, Aer Lingus, Ryanair, PWC, KPMG, Grant Thornton, Davy,Deloitte, BDO,State Street, KBI, Accenture, Mercer, Dublin Airport Authority, DAA, Keelings, Wuxi, Wasdell, Almac, Facebook, Twitter, Salesforce, Amazon, Paypal, Stripe, AIB, Bank of ireland, Johnston Controls, CRH, Medtronic, Ignersoll Rand, Smurfit Kappa, Kerry Group, Allergan, Dunnes Stores, Experian PLC, Eaton Corp, JP Morgan, KBI, Mercer, Deloitte, PKF, BDO, Scania Ireland, Renault trucks, Volkswagon, Toyota Ireland, Hyundai Ireland, BMW Ireland, Mercedes Benz Ireland, Joe Duffy, Frank Keane, Gaelic Athletic Association-GAA, Church of Ireland, Catholic Church, Redemptorists to name a few.
We have over 40 years experience in the trade and are uniquely positioned beside Dundalk train station with many of our customers choosing to commute by train. We also deliver nationwide.