Example SavingsActual savings will depend on each individuals personal circumstances. |
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Basic Rate Taxpayer : 20% Tax + 4% PRSI + 7% USC = 31% | ||||
Bicycle & Accessory Purchase | €250 | €500 | €750 | €1,000 |
Tax Relief Saving % | 31% | 31% | 31% | 31% |
Tax Relief Saving | €77 | €155 | €232 | €310 |
Net Cost | €173 | €345 | €518 | €690 |
Cost split over 12 months | €14 | €28 | €43 | €57 |
Example SavingsActual savings will depend on each individuals personal circumstances. |
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Higher Rate Taxpayer : 41% Tax + 4% PRSI + 7% USC = 52% | ||||
Bicycle & Accessory Purchase | €250 | €500 | €750 | €1,000 |
Tax Relief Saving % | 52% | 52% | 52% | 52% |
Tax Relief Saving | €130 | €260 | €390 | €520 |
Net Cost | €120 | €240 | €360 | €480 |
Cost split over 12 months | €10 | €20 | €30 | €40 |
All You Have To Do Is:
• come to our store,
• pick out a bike and accessories,
• bring an invoice to your employer
• once your employer pays, you can take your bike away
This scheme means you don’t pay any PAYE, PRSI, USI, etc. on the price of the bike. So if you are on the higher tax rate you could save over €500!
If you have any queries about Bike To Work just give us a call.
Employee Benefits of Bike to Work
• Save up to 52% on bike and accessories
• Huge Selection of bikes
• Expert staff here to help and advise you
• Get fit and enjoy the benefits of cycling to work
Employer Benefits of Bike to Work
• Tax savings of up to 10.75%
• Reduced parking problems
• Savings in parking taxes
• Fitter, healthier, happier workforce