Bike to Work

To apply for the Bike to Work scheme, follow these steps:
  1. Check Eligibility: Ensure you are eligible for the scheme. Typically, employees who pay PAYE (Pay As You Earn) tax through the PAYE system are eligible. Self-employed individuals are not eligible.

  2. Select a Bike: Choose the bike and safety equipment you wish to purchase. Remember, the scheme allows for up to €1,250 for a regular bike, up to €1,500 for an electric bike and up to €3000 for a cargo bike including safety equipment. (Excess cost is paid by the employee).

  3. Bike to Work Invoice:  Provide us with your name, contact number, email address and employer name. We will email you with a Bike to Work invoice or quote for your bike and/or accessories, which you can pass onto your employer.
  4. Approach Your Employer: Inform your employer of your interest in participating in the Bike to Work scheme. They will need to register for the scheme if they haven't already done so.

  5. Complete Application Forms: Your employer may provide you with the necessary application forms. These forms will outline the terms and conditions of the scheme and may require your personal details and confirmation of your chosen bike and equipment.

  6. Agree on Repayment Terms: Discuss and agree upon the repayment terms with your employer. Typically, the cost of the bike and equipment is deducted from your gross salary over a specified period.

 

Frequently Asked Questions:

1. What is the Bike to Work scheme?

The Bike to Work scheme allows your employer to assist you in obtaining a brand new bike and safety equipment worth up to €1,250 for a regular bike, up to €1,500 for an electric bike and up to €3000 for a cargo bike. (Excess cost is paid by the employee)

2. How does the scheme work?

Your employer can cover the cost of a new bicycle, including accessories, and you repay the cost, minus the tax, in regular instalments from your gross salary.

3. What are the benefits of participating in the Bike to Work scheme?

By participating in the scheme, you can save up to 52% off the retail price of the bike and equipment through salary sacrifice. You are not liable for tax, PRSI, or the Universal Social Charge on your repayments. Public service employees are also exempt from the pension levy.

4. How do I know if my employer is registered for the scheme?

If your employer has yet to register, you can encourage them to do so. Once registered, you'll be just a few clicks away from getting your shiny new bike.

5. How can I get more information or assistance?

If you have any questions, please feel free to contact us at +353719129008 or call into one of our stores. We're here to help you make the most of the Bike to Work scheme and get you moving in style.

Further information can be found on the https://www.biketowork.ie/ website.