Save Up To 51% With The Cycle To Work Scheme
The Cycle to Work initiative, introduced in 2009, is a government scheme designed to encourage more people to cycle to and from work. It enables employees to purchase a brand new bike and accessories tax-free through their employers. The cost of the bike and accessories are then recouped through a salary sacrifice arrangement over a period that can range from 1-12 months. Depending on an individual’s personal tax band, this could allow the employee to save between 31% and 51% of the cost. The amount of the purchase is capped at €1250 for push bikes, €1500 for E-bikes and €3000 for Cargo bikes.
What Is Included?
The bike to work scheme applies to new bicycles and pedelecs (electrically assisted bicycles which require some effort from the cyclist). It does not cover motorbikes, scooters or mopeds.
Purchase of the following new safety equipment is also covered:
- Cycle helmets which conform to European standard EN 1078
- Bells and bulb horns
- Lights, including dynamo packs
- Mirrors and mudguards to ensure that the rider’s visibility is not impaired
- Cycle clips and dress guards
- Panniers, luggage carriers and straps to allow luggage to be safely carried
- Locks and chains to ensure cycle can be safely secured
- Pumps, puncture repair kits, cycle tool kits and tyre sealant to allow for minor repairs
- Reflective clothing along with white front reflectors and spoke reflectors
