Cycle to Work Scheme

Clarkes of Cavan Cycle Centre

Cycle to Work scheme, Save up to 50% on a new bike

Take advantage of the recent Government initiative offering tax-free bikes for cycling to work.

Using the Cycle to Work scheme, your employer can help you obtain a brand new bike and safety equipment worth up to €1,250 for a regular bike, €1,500 for an electric bike and up to €3000 for a cargo bike. You would be mad to miss out.

You can use a salary sacrifice arrangement to save up to 50% of the bike and equipment retail price. So what are you waiting for? Give us a call or call into our store and start saving today.

What you can save using Cycle to Work

Actual savings will depend on each individual’s circumstances. Below is a typical example of possible savings as both a basic rate taxpayer (20%) or as a higher rate taxpayer (40%). Public sector employees will, in addition, save the pension levy.

The benefits of Cycle to Work

• Save up to 50% off the bike price worth up to €1,250 for a regular bike, €1,500 for an electric bike and up to €3000 for a cargo bike depending on which tax bracket you fall under.
• The tax saving applies to all bikes, electric bikes and accessories.
• Save on fuel, parking, and public transport costs.
• Get Fit, enjoy the health benefits of cycling to work.
• Beat the traffic; cycling is twice as fast as a car in commuter traffic.
• There are no administration charges with Clarkes of Cavan Cycle Centre.