The scheme allows you to spend up to €1000 on your bike, which is then exempt from tax.
Your employer will buy the bicycle for you and you may make a "salary sacrifice" over a set period of time (usually around 12 months). The scheme means that some employees can save up to €510 in tax. Your employer isn't obliged to take part in the scheme although most will. For full details of the scheme click here.
Below we have given examples of the savings that can be made with the Cycle-to-Work scheme. For more information contact our team.
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