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CYCLE TO WORK
REE ACCESSORY PACKAGE WORTH €100 WITH ALL CYCLE TO WORK BIKES PURCHASED. GET A FREE HELMET, LIGHT SET, PUMP, MUDGUARDS, SADDLE BAG, BOTTLE CAGE AND DRINK BOTTLE.
On 1 January 2009 a new government scheme to encourage people to cycle to work came into force. Cycling keeps you fit, it’s fast, cheap and reliable – and it’s good for the environment. The new bike scheme covers bicycles and accessories up to a maximum cost of €1,000.
The bicycle must be purchased by your employer but the scheme can then operate either with your employer bearing the full cost of the bicycle, or by way of a salary sacrifice agreement (like the existing travel card scheme) in which you pay for it, tax free, over 12months. Participating in the bicycle scheme is easy. If your employer decides to take part, they simply buy the bike and equipment on your behalf and off you go.
It’s is up to you and your employer to decide whether they buy the bike outright for you or whether you pay for it via ‘salary sacrifice’. Either way you save on tax.
For more information on the Scheme contact Planet Triathlon.
Avail of the Scheme
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