Bike to Work Scheme | Save Up to 50% on a New Bike

Join the Bike to Work Scheme in Ireland with Clarkes of Cavan and save up to 50% on your new bike and accessories. Discover how easy it is to participate and maximize your tax benefits today!

Introduction to the Bike to Work Scheme

Capitalize on the Government's initiative offering tax-free bikes for commuting. The Bike to Work Scheme enables your employer to assist you in acquiring a brand-new bike and safety equipment worth up to €1,250 for a regular bike, €1,500 for an electric bike, and up to €3000 for a cargo bike. Don't miss out on this fantastic opportunity!

Benefits of the Bike to Work Scheme

• Significant Savings: Save up to 50% off the retail price of bikes.
• Diverse Range of Bikes: Includes regular, electric, and cargo bikes.
• Health and Fitness: Gain the health benefits of regular cycling.
• Cost Efficiency: Reduce expenses on fuel, parking, and public transport.
• Time Efficiency: Avoid traffic and reduce your commuting time.
• No Hidden Fees: Enjoy zero administration fees at Clarkes of Cavan Cycle Centre.

How Does the Bike to Work Scheme Work?

Through a salary sacrifice arrangement, you can save significantly on the purchase of a bike and necessary equipment. Here’s a brief overview of the process:

1. Select Your Bike and Accessories: Choose the bike that best fits your needs along with any required accessories.
2. Salary Sacrifice Agreement: Your employer will purchase the bike, and you will repay the cost through a pre-tax salary deduction.
3. Reap the Benefits: Enjoy the economic and health benefits as you cycle to work.

Example Savings

The actual savings will vary depending on your tax rate. Below is an example of potential savings for both a basic rate taxpayer (20%) and a higher rate taxpayer (40%). Public sector employees can also save on the pension levy.

Frequently Asked Questions (FAQs)

What is the Bike to Work Scheme?

The Bike to Work Scheme is a government-backed initiative that facilitates tax-free purchases of bikes and equipment for employees. This scheme makes cycling to work an affordable and enjoyable reality.

How Much Can I Save?

Participants can save up to 50% on the purchase of a bike and related equipment, depending on their tax situation.

What Types of Bikes are Included?

The scheme covers all types of bikes, including regular bikes, electric bikes, and cargo bikes, along with necessary safety equipment.

How Do I Apply?

Contact your employer to determine if they participate in the Bike to Work Scheme. If they do, you can select your bike and accessories and arrange for salary sacrifice through your employer.

Are There Any Extra Charges?

No, Clarkes of Cavan Cycle Centre does not impose any administration fees for participating in the Bike to Work Scheme.

Why Choose Clarkes of Cavan?

Clarkes of Cavan offers an extensive range of bikes suitable for the Bike to Work Scheme. Our experienced team is ready to assist you in selecting the perfect bike to suit your commuting needs and help you make the most of the scheme's benefits.

Visit Us Today

Start saving and enjoying the benefits of the Bike to Work Scheme now! Visit Clarkes of Cavan Cycle Centre for more details or contact us for further information. Don’t miss this excellent opportunity to get a new bike at a significant discount.

Contact Information

• Phone Number: 049 433 2166
• Email: info@clarkesofcavan.ie
• Store Location: Moynehall Retail Park, Cavan, H12 Y7H1