Bike to Work

Bike to Work Scheme

Bike Worx is an authorised Bike To Work dealer, meaning that you can by your bike from us and save over50% by availing of the scheme. Bike To Work is extremely easy to set up and the savings are incredible. The table below shows just how much you can save:
 
standard bike €1250
ebike €1500
cargo bike €3000
 

Example Savings

Actual savings will depend on each individuals personal circumstances.
Here is a typical example of savings possible as both a Basic rate taxpayer (20%) and a Higher rate taxpayer (41%):

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 Savings

Actual savings will depend on each individuals personal circumstances.
Here is a typical example of savings possible as both a Basic rate taxpayer (20%) and a Higher rate taxpayer (41%):

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

Bike Worx is an authorised Bike To Work dealer, meaning that you can by your bike from us and save over50% by availing of the scheme. Bike To Work is extremely easy to set up and the savings are incredible. The table below shows just how much you can save:
 
standard bike €1250
ebike €1500
cargo bike €3000
 
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

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