Cycle to Work Scheme | Save Up to 50% on a New Bike
Join the Cycle to Work Scheme in Ireland with Clarkes of Cavan and save up to 50% on your new bike and accessories. Learn how to participate and maximize your tax benefits today!
Introduction to the Cycle to Work Scheme
Take advantage of the recent Government initiative offering tax-free bikes for cycling to work. The Cycle to Work scheme allows your employer to help you obtain 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. This is an opportunity you don't want to miss!
Benefits of the Cycle to Work Scheme
Significant Savings: Save up to 50% off the bike price.
Wide Range of Bikes: Applies to regular bikes, electric bikes, and cargo bikes.
Health and Fitness: Enjoy the health benefits of cycling to work.
Cost-Efficiency: Save on fuel, parking, and public transport costs.
Time-Saving: Beat the traffic as cycling can be twice as fast as driving in commuter traffic.
No Extra Charges: No administration charges with Clarkes of Cavan Cycle Centre.
How Does the Cycle to Work Scheme Work?
Using a salary sacrifice arrangement, you can save up to 50% of the bike and equipment retail price. Here’s a quick overview of how it works:
Choose Your Bike and Equipment: Select your desired bike and accessories.
Salary Sacrifice Agreement: Your employer purchases the bike and you repay through salary sacrifice.
Enjoy the Benefits: Start cycling to work, enjoying the savings and health benefits.
Example Savings
Your actual savings will depend on your individual circumstances. Below is a typical example of possible savings for both a basic rate taxpayer (20%) and a higher rate taxpayer (40%). Public sector employees will also save the pension levy.
Taxpayer Type
Regular Bike (€1,250)
Electric Bike (€1,500)
Cargo Bike (€3,000)
Basic Rate (20%)
€250
€300
€600
Higher Rate (40%)
€500
€600
€1,200
Frequently Asked Questions (FAQs)
What is the Cycle to Work Scheme?
The Cycle to Work Scheme is a government initiative that offers tax-free bikes and equipment for cycling to work. It allows employees to save money on the purchase of a new bike through a salary sacrifice arrangement.
How Much Can I Save?
You can save up to 50% on the retail price of a bike and safety equipment. The exact savings depend on your tax bracket.
What Types of Bikes are Included?
The scheme covers regular bikes, electric bikes, and cargo bikes. It also includes safety equipment and accessories.
How Do I Apply?
Contact your employer to see if they participate in the Cycle to Work Scheme. If they do, select your bike and equipment, and set up a salary sacrifice agreement.
Are There Any Extra Charges?
There are no administration charges with Clarkes of Cavan Cycle Centre.
Why Choose Clarkes of Cavan?
At Clarkes of Cavan, we offer a wide range of bikes and accessories eligible for the Cycle to Work Scheme. Our expert team is here to help you choose the perfect bike to meet your needs and ensure you get the maximum benefits from the scheme. Visit our store or give us a call today to start saving and enjoying the benefits of cycling to work.
Visit Us Today
Ready to start saving and enjoying the benefits of the Cycle to Work Scheme? Visit Clarkes of Cavan Cycle Centre today or contact us for more information. Don’t miss out on this fantastic opportunity to get a new bike at a fraction of the cost.
Contact Information
Phone Number: 049 433 2166
Email: info@clarkesofcavan.ie
Store Location: Moynehall Retail Park, Cavan, H12 Y7H1
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