| 01 | 02 |
| VISIT US ONLINE OR IINSTORE | SELECT BIKE & ACCESSORIES |
| Visit 2Wheels in Sandymount or online. Our experts will help you with everything you need to get started cycling. | You can choose the bike that you want, and any other accessories you might need to get going. |
| 03 | 04 |
| YOUR EMPLOYER PAYS THE INVOICE | YOU CAN START TO CYCLE STRAIGHT AWAY |
| There is no upfront cost to you. We will provide an invoice for your items to give to your employer. | Once your employer pays the invoice, you can get on the road with your new bicycle and accessories. |
SEE HOW MUCH YOU CAN SAVE!
Using the cycle to work scheme your employer can help you obtain a brand new bike and accessories worth up to €1250 for a
regular bike and up to €1500 for an electric bike. See the table below for an indication of what you can save.
Actual savings will depend on each individuals personal circumstances.
Here is a typical example of savings possible as a Higher rate taxpayer (40%): |
| Higher Rate Taxpayer : 40% Tax + 4% PRSI + 5% USC = 49% |
| Bicycle & Accessory Purchase | €500 | €750 | €1,000 | €1,250 |
| Tax Relief Saving % | 49% | 49% | 49% | 49% |
| Amount saved on your purchase | €245 | €368 | €490 | €613 |
| Net Cost | €245 | €382 | €510 | €637 |
| Cost split over 12 months | €21.50 | €31.84 | €42.50 | €53.09 |
Actual savings will depend on each individuals personal circumstances.
Here is a typical example of savings possible as a Basic rate taxpayer (20%): |
| Basic Rate Taxpayer : Tax + 4% PRSI + 5% USC = 29% |
| Bicycle & Accessory Purchase | €500 | €750 | €1,000 | €1,250 |
| Tax Relief Saving % | 29% | 29% | 29% | 29% |
| Amount saved on your purchase | €145 | €218 | €290 | €363 |
| Net Cost | €355 | €532 | €710 | €887 |
| Cost split over 12 months | €29.59 | €44.34 | €59.17 | €73.92 |