Tax can be complicated; the Cycle to Work scheme is not. Simply choose a bike from one of our partner bike shops along with your safety accessories, and pedal away on a bike at a fraction of its original cost with interest free credit.
Save up-to 52%
How does it work?
You don’t pay Income Tax, PRSI or USC on the cost of your chosen bike package so can save up to 52% on the retail cost (average savings range from 24% – 52% Use the TaxSaver Bikes Savings Calculator to get an idea of how much you might save!
The Calculations above only represent a possible saving. We have based these calculations on a Single Income Tax payer and works only as a guide to help you work out how much you think you can afford to spend. You should consult your Employers Payroll department to get an accurate saving.
Calculations are based on Tax, PRSI and USC information for the financial year 2019.
USC Thresholds % explained (Rate 2019 Rate)
- Income up to €12,012.00 0.5%
- Income from €12,012.01 to €20,484.00 2%
- Income from €20,484.01 to €70,044.00 4.5%
- Income above €70,044.00 8%