Cycle to Work Scheme
The Cycle to Work Scheme is a tax-efficient, salary-sacrificed employee benefit that provides a way of encouraging more adults to take up cycling, by using a cycle for commuting purposes. Employers can help employees obtain a brand new bike and safety equipment worth up to 1,500 euro. Employees can use a salary sacrifice arrangement to pay for the bike monthly and that means they can save up to 51% of the retail price of bike and equipment. The employer also makes savings to encourage them.
Under the scheme, employers buy cycling equipment from suppliers approved by their scheme administrator, on behalf on employees. The employee then repays the employer over a period of 12 months max, saving up to 51% of the purchase price.
Why run a Cycle to Work scheme?
- The fastest growing and most sought after employee benefit in Ireland.
- Free scheme implementation for employers
- There are no catches or hidden costs for you or your employees.
- Easy to implement and manage
- Offers a highly valued benefit to employees.
Employee Benefits
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Employer Benefits
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Other benefits:
Taxsaver Ticket Scheme
The Travel Pass scheme allows you to get tax-free public transport tickets for your commute to work.
FitHub
FitHub provides you with corporate annual membership rates on over 150 gyms and fitness classes all over Ireland.
Dental Insurance
Dental insurance is a form of health insurance designed to pay a portion of the costs associated with dental care.
Gym Flex
Get your Gym membership and fitness classes paid through salary sacrifice each month. Payable over 12 months.
Taxback.com
The average refund with Taxback.com is €1,076. Find out how much tax you are due back now!
Fleet Bikes
Fleet bikes are bikes leased by the employer for employee usage during work hours. Save on taxi fares and company cars by offering a range of e-bikes for employees.
Shopping Discounts
HubEx Shopping gives employees access to over 1,500 offers and discounts on everyday items and services for you and your family to enjoy
Bike To Work - Try before you buy
Try a brand new bike for a full week for a small nominal fee of €50. (this fee covers delivery, collection and maintenance of the bikes)
Fully Automated Online
Application Process
- Secure web portal, self service for employees.
- No administration for employers.
- Ireland’s number one provider.
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