WebIn Ireland, the Cycle to Work Scheme is a government tax incentive program which encourages employees to cycle to and from work. Employers can pay for bicycles and … WebMar 10, 2024 · The Cycle to Work Scheme is a government initiative designed to offer alternative options for your daily commute. In this article, we look at the benefits the …
gov.ie - Cycle-to-work scheme application form
WebDec 20, 2024 · The Cycle to Work scheme is a tax incentive that aims to encourage employees to use bikes to get to their jobs. Employers pay for bikes and equipment like helmets and workers pay back through a ... WebThe scheme is capped at €1500 for electric bikes and related safety equipment, and €1250 for standard bikes and related safety equipment. Please contact your HR Department if you do not know what your scheme’s maximum limit is. numbers by lönnmo
How the cycle to work scheme works (With conditions and FAQ)
WebThe Cycle to Work Scheme promotes greater use of the bicycle as a sustainable mode of transport to encourage healthier journeys and reduce environmental pollution. It … WebOct 20, 2024 · The Cycle to Work Scheme is a tax scheme, as Citizensinformation.ie explains it: “As an employee you save on the costs of cycling to work because your repayments come out of your salary before tax, USC and PRSI are deducted. This means that someone on the highest rate of tax will save almost half of the cost of a new bike and … Cycle to Work Scheme. This scheme aims to encourage you to cycle to and from work. Under the scheme your employer can buy a bicycle and safety equipment for you. This benefit will not be taxable. There are three limits, depending on the type of bicycle purchased. €3,000 on cargo and ecargo bikes. €1.500 on … See more New bicycles and pedelecs (electrically assisted bicycles which require some effort from the cyclist). Cargo and ecargo bicycles with a frame specially designed to carry heavy loads or passengers. The scheme does not … See more Once every four years (five years prior to 1 August 2024). This applies even if the cost of the bicycle and safety equipment was less than the relevant … See more Ask your employer if they operate the scheme and their requirements. For example, what type of bicycle and equipment and from which shop. See more Your employer can arrange a 'salary sacrifice' over an agreed time, not more than 12 months. If so, you give up an agreed amount of your gross salary to cover the cost of the … See more nippers co crossword clue