Benefits For You
Save up to 51% on E-Bikes & Accessories
Employees make a saving of between 31% - 51% depending on your tax rate, making it easily the cheapest way to buy an electric bike. Use our savings calculator below to estimate your savings.
The exemption limit of €1,500 applies to electric bikes and accessories
4 Year eligibility
The employee can avail of the scheme once over a four-year period.
Cycling is a great form of exercise and by cycling to work you will:
- Save money on commuting
- Have a more active lifestyle
- Reduce your carbon footprint
Benefits for Employer
Using the Cycle to Work scheme, your company can purchase a new e-bike worth up to €1,500 tax free for your employees.
You can use a salary payback arrangement to allow your employees to pay for the e-bike over an agreed amount of time up to 12 months. This means that employees can save between 31% - 51% (depending on their tax rate) of the retail price of the e-bike & accessories and your company also makes a PRSI saving of 10.75%.
The Cycle To Work Scheme can promote the following organisational benefits:
- Business Performance
- Staff Morale
- Employee Engagement
Why choose LOCO Scooters?
LOCO Scooters is rated 4.8 out of 5 stars on Trustpilot for our excellent customer care and product range. Our in-house repair centre means your warranty is provided in Ireland with trained technicians.
You will be safe in the knowledge that your employees will receive professional and sound advice.
We are happy to organise presentations for your employees, to explain the benefits of the scheme and demonstrate the types of bikes & accessories that can be availed of under the scheme.
About the Scheme
Cycle to Work Government Scheme is the cheapest way to buy a bike. This tax incentive scheme
is designed to encourage more people to get on their bikes and cycle to work!
You can save up to 51% off the price of a new bicycle & accessories and up to a maximum cost of €1,500 if it's an electric bike.
This tax incentive scheme is designed to encourage more people to get on their bikes and cycle to work!
Avail of the scheme once in a 4-year period
An employee can avail of the exemption once in any 4-year period, commencing with the date the employee is first provided with a bicycle or bicycle safety equipment.
Cycling is a great form of exercise and by cycling to work, you'll make sure you stay active and get good exercise everyday without using up any more of your valuable time. Cycling keeps you fit, it's fast, cheap and reliable - and it's great for the environment.
How to participate?
Once your employer decides to take part, they simply pay for the bike and equipment of your choice on your behalf.
It is quick and easy to participate in the scheme. There are no Government forms to fill out. However, your employer does have to maintain the normal records such as invoices and payment details associated with buying the bike.
|YOUR ANNUAL SALARY|
|COST OF BIKE|
|Reduction in income tax:||€0|
|Reduction in PRSI:||€0|
|Reduction in USC:||€0|
|Your (estimated) Savings:||€0|
|Final Cost of Bike:||€0|
|Employer PRSI savings||€0|
- Step 1: Complete the form below, selecting your bike and accessories from the drop down menu.
- Step 2: We will send you an invoice which you can bring to your employer to make payment.
- Step 3: Once payment has been made we will contact you to arrange delivery or collection of your new bike.