Embracing a healthier, more sustainable, and economically conscious approach to commuting, the Ride to Work Scheme in Ireland is a transformative initiative that encourages individuals to pedal their way to a more vibrant and fulfilling work-life balance. At the Cycle Centre, there are a range of bikes being offered for employees under this scheme.
This innovative program not only promotes a shift towards a greener and more active lifestyle but also introduces a range of financial incentives, where employees can save upto 51%, receiving tax reliefs on a part of their salary. It empowers people across Ireland to trade in their traditional commuting methods for the freedom and flexibility of cycling.
Join us as we explore the benefits, intricacies, and positive impacts this scheme has on individuals and workplaces towards a brighter, healthier, and more eco-friendly future.
How Does the Ride to Work Scheme in Ireland Work
In addition to the health and environment benefits, employers can make sure that their employees get tax relief on a part of their salary under the Ride to Work scheme. The cost of the bike is a non-taxable benefit that workers can save in USC, PAYE, and PRSI.
There are two major income tax types in the country, and the savings are based on your designated tax rate.
Lower Rate Tax – 31%
People with an income of €42,000 or lower fall in this category, and they can save a maximum of 31% on buying a bike up to the maximum price of €1250 for normal and €1500 for E-bikes. This amount is a non-taxable amount and is paid by the employer directly.
Higher Rate Tax – 51%
Those who earn more than €42,000 fall under this category, and they can save a maximum of 51% on buying a bike upto the maximum price of €1250 for normal and €1500 for E-bikes. The scheme can be availed once every 4 years, so it is recommended to buy a bike within the maximum price limit.
The Ride to Work Scheme in Ireland is great for organizations that have a big workforce commuting daily to work. Employers can also benefit from a healthy active workforce, lower absenteeism and also reducing the carbon footprint of the organization.
Benefits of the Ride to Work Scheme
The following are the many benefits that you get when you avail this Ride to Work scheme by the Government of Ireland and ride a bike to your workplace –
Save Money – First and foremost, the main benefit of the scheme is that employees can purchase their favorite bikes and get tax compensations through it. Based on their total income, people have a chance to save up to 51% on the bike’s price. Moreover, you can even accumulate a lot of money that would have gone towards fuel or taking public transport daily to work.
Physical Exercise – Cycling is a dynamic and efficient way to incorporate physical exercise into your daily routine. This low-impact cardiovascular activity not only enhances your health and stamina but also aids in weight management. The rhythmic motion of cycling promotes muscle tone, boosts energy levels, and contributes to overall well-being. The commute not only gets you to work but also fuels your physical fitness journey.
Mental Well-Being – It is a breath of fresh air for mental well-being. The invigorating exercise helps reduce stress, anxiety, and depression, promoting a positive mindset. The rhythmic pedaling fosters clarity of thought, boosts mood, and provides a refreshing break from daily stressors. This revitalizes both your mind and body.
Environmental Impact – Cycling is a powerful choice for a sustainable commute, minimizing your carbon footprint. By opting for pedal power over motorized transport, you contribute to a cleaner environment with reduced emissions. Embrace cycling as a daily habit, and witness firsthand the positive impact of your eco-friendly choice on air quality and environmental preservation.
Improved Productivity – Ride to Work isn’t just a mode of transportation; it’s a productivity booster. Physical activity increases blood flow to the brain, enhancing cognitive function and concentration. Commuters who cycle to work often report heightened energy levels, improved focus, and an overall increase in workplace productivity.
Reduced Traffic Congestion – You get an effective solution to the urban traffic congestion. By choosing two wheels over four, commuters actively contribute to reduced traffic on crowded roads. This not only ensures a quicker and more reliable commute but also eases overall congestion, making the city streets more navigable for everyone.
Better Commute Experience – Cycling to work transforms your daily commute into a joyous adventure. Experience the city in a new light as you navigate the streets on two wheels, free from traffic jams. The open-air ride brings a sense of freedom, turning your commute into an enjoyable journey. Say goodbye to stress and hello to a refreshing, invigorating start to your day.
Better Community Connection – Apart from your personal well-being, it’s a pathway to community connection. As you pedal through neighborhoods, you become part of the vibrant fabric of local life, interacting with fellow cyclists and creating a sense of brotherhood.
How to Apply for the Ride to Work Scheme – Cycle Centre
Visit the Cycle Centre website and check out the various bikes which we offer under the Ride to Work Scheme. Open the bike page that you want and scroll down to the bottom. Click on the Ride to Work button and our team will send a no-obligation quote to you. If you wish to proceed with purchasing the bike under the scheme, then you can submit the quote to your payroll account.
Many company owners don’t know yet that it is possible to avail the scheme directly with the bike shop or retailer. We at Cycle Centre work directly with different government departments like the Department of Education, HSE, etc. and many other authorities. We also work with multiple private companies that include Aldi, Tesco, Lidl, etc. So, feel free to contact us to avail the benefits of the scheme.
Bottom Line – Head Over to Cycle Centre
In conclusion, the Ride to Work Scheme in Ireland emerges as a progressive initiative that not only promotes sustainable transportation but also fosters employee well-being and financial savings. Search for your favorite bike at the Cycle Centre website and get started with it right now.
By incentivizing the use of bicycles or e-bikes for commuting, the program aligns with environmental goals while addressing traffic congestion and promoting a healthier lifestyle. The positive impact extends beyond individual commuters to contribute to a more sustainable and resilient urban infrastructure, so make sure to avail this.