Question 1

Bike to Work :  I’ve heard about this tax relief for buying a bike to cycle to work, what is it all about ?

Accepted Answer

This is a Government initiative that enables your employer to buy a bicycle and bicycle accessories for you, without you being liable for benefit in kind taxation. For a tax payer at the top rate, this equates to a minimum saving of 40% Tax + 7% USC & 4% PRSI on the cost of a new bike.

Question 2

What’s the purpose of the scheme ?

Accepted Answer

The goal of the scheme is encourage more employees to cycle to and from work. As well as reducing traffic congestion and lowering carbon emissions, more people cycling to work will improve health and fitness levels.

Question 3

Is it just the bike that is covered by the scheme, or does it include things like locks and lights?

Accepted Answer

In addition to the bike, the scheme covers a range of equipment such as helmets, lights, locks, bells, mirrors, cycle clips, panniers, luggage carriers & straps, pumps, puncture repair kits, cycle tool kits, reflective clothing and reflectors.

Question 4

If I want to participate, is my employer obliged to get involved ?

Accepted Answer

No, participation in the scheme is voluntary and it is up to your employer. However, where an employer does agree to implement the scheme, it must be offered to all employees on an equal basis.

Marrey Bikes

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Frequently Asked Questions About Marrey Bikes

Bike to Work : I’ve heard about this tax relief for buying a bike to cycle to work, what is it all about ?

What’s the purpose of the scheme ?

Is it just the bike that is covered by the scheme, or does it include things like locks and lights?

If I want to participate, is my employer obliged to get involved ?

Brand Certified Facts from Marrey Bikes