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 3,000 euro. Employees can use a salary sacrifice arrangement to pay for the bike monthly and that means they can save up to 52% of the retail price of bike and equipment. The employer also makes PRSI 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 52% of the purchase price.
The cycle to work scheme is fully integrated into Benefit Hub allowing you to manage all your employee applications in one place. This includes a HR dashboard, employee portal, multi user access, invoicing, payroll reporting, access to over 380 bike shops and much more.
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.
Gym Flex
Get your Gym membership and fitness classes paid through salary sacrifice each month. Payable over 12 months.
Lifestyle Discounts
HubEx Perks is a range of over 2,000 exclusive discounts across Ireland, giving employees access to lots of lifestyle discounts.
Employee Assistance Programme (EAP)
An EAP is a set of professional services specifically designed to support staff and improve wellness and healthy functioning.
Kinto Join Car Pooling
Car pooling is a corporate commuting solution that revolutionises the way you travel to work.
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.
Lifetime Financial Planning
Protect Your Family & Income. Plan For Your Retirement. Build A Plan To Secure Your Future.
Fully Automated Online
Application Process
- Secure web portal, self service for employees.
- No administration for employers.
- Ireland’s number one provider.
Get started with Hubex
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Benefit Options
- Cycle to Work Scheme
- Taxsaver Ticket Scheme
- FitHub
- Gym Flex
- Lifestyle Discounts
- Employee Assistance Programme (EAP)
- Kinto Join Car Pooling
- Fleet Bikes
- Lifetime Financial Planning
- Mortgages
- Retirement and Life Planning
- Dental Insurance
- VHI Health Insurance
- Vision Insurance
- The Baby Academy
- Income Protection
- Life Assurance
- Payroll Reporting
- Holiday Buy
- Total Reward Statement
- In House Benefits
- HubEx Benefits
- Emma: The Sleep Company
- Cargo Bikes
