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As an employee you can use the scheme once every five years.
They may allow you to select the bicycle and equipment from any shop, or only certain bicycles from specific shops.The following new safety equipment, if purchased with the bicycle, are also covered:Tá an chuid seo den suíomh idirlín ar fáil i mBéarla amháin i láthair na huaire.Your employer will ask you to sign a statement stating that the bicycle:Once every five years. You can now get parts as well as clothing and accessories. When you get a bike via the cycle to work scheme it's vital that you get in the saddle and ride to work! A Cycle to Work scheme is designed to promote healthier journeys to and from work and reduce pollution by allowing employees to save money on a new bike and/or accessories. Please note that your company scheme dates will still apply. However if they do,they must offer it to all their employees. This applies even if the cost of the bicycle and safety equipment was less than €1,000.This scheme aims to encourage you to cycle to and from work. You might have heard of the Cycle to Work scheme, but how does it work and can you really get a new commuting bike without having to pay for it up front?

requirement of the scheme? Previously the scheme was capped at £1000, but there are few electric bikes available for less than this amount, so the government has now removed this cap. There is no requirement for you to cycle to work for a specified number of days throughout the year and there is no special requirement for you to record your trips. Thismeans that someone on the highest rate of tax will save almost half of the costof a new bike and equipment.Your employer does not have to take part in the scheme. You find the bike is available in a 'no-quibble' Cyclescheme retailer for the discounted price of £800; saving £200 vs. RRP. The scheme does require that the bike is mainly used by you to travel to work. That means if you use the bike 15 times in a year, approximately 8 of those journey's should be connected to your commute or work use. Under the scheme your employer can buy a bicycle and safety equipment for you.

Of course, this is just an approximation - if you are riding to work 4 days and week and then also riding your bike in the evenings and weekends this is absolutely fine. How does the scheme work? If this is the case IT, USC and PRSI will apply to the balance.The tax exemption does not apply if you pay for the bicycle and your employer reimburses you. As an employee you save on the costs of cycling to work because yourrepayments come out of your salary before tax, USC and PRSI are deducted. If you bought a bike in 2016, regardless of the month, you could buy a new bike and avail of the next tax relief in January 2021. I'm sure I was told that I would be able to particiapte again 2 years later (i.e. What equipment does the Bike to Work Scheme cover? This means that if you buy a bike in December your first qualifying year will effectively last less than one month as your second year starts on the 1st of January.