How Does The Bike To Work Scheme Work
How do I save money on the Bike to Work Scheme?
As an employee, you save on the costs of cycling to work
because your repayments come out of your salary before tax, USC and PRSI are
deducted. This means that someone on the highest rate of tax will save almost half of the cost of a new bike and equipment.
How much can I spend on the Bike to Work Scheme, and how often can I use it?
The scheme applies to bikes and equipment up to the value of €1,000. As an employee you can use the scheme once every five years.
The five-year span between tax breaks is counted by tax year. If you bought a bike in 2016, regardless of the month, you could
buy a new bike and avail of the next tax relief in January 2021.
What equipment does the Bike to Work Scheme cover?
The scheme covers the following items, which must be purchased as new (not secondhand):
- New bikes and tricycles
- New Electric bikes (electrically-assisted bikes that require some effort to propel)
- Cycle helmets
- Bells and horns
- Lights (including dynamo packs)
- Mudguards and skirt guards
- Cycle clips
- Panniers, luggage carriers and straps
- Locks and chains
- Puncture repair kits and cycle tool kits
- Reflective clothing
- Bike reflectors
The scheme does not include motorbikes, mopeds, scooters or electric-bike conversion kits.
How do I buy a bike under the Bike to Work Scheme?
You can choose your bike by visiting a bike shop and
selecting the bike and equipment that you want to buy. Next, inform your employer
of this choice. The employer will then pay the bike shop or supplier for the
bike and equipment directly. It’s important to note that your employer cannot
reimburse you if you make the payment.
You must sign a written agreement stating that the bike is for your own use and you will use it
for what the Revenue Commissioners consider qualifying journeys: getting to and from work.
Your employer then sets up salary deductions over an agreed
time frame of up to 12 months to recoup the costs. These deductions can be made
weekly, fortnightly or monthly depending on your salary arrangements.
What if my employer buys me a bike and doesn’t charge me for it?
That is acceptable and under the scheme, you will not be taxed for benefit in kind if you receive a bike from
your employer as long as the cost of the bike and equipment does not exceed a total of €1,000.
You do not need to create an account when placing your order. You can place an order as a guest on our site. Please note in order to track the status of an order it is recommended to create an account where you can log in at any time to check the current status.
We currently accept Visa, Mastercard and PayPal. For any other payment not listed please contact us.
We use DPD couriers for the UK, Ireland and mainland Europe. Before DPD deliver your parcel(s) they will text or email you asking if you would like to choose a day/time for delivery. They generally offer a window of 1 hour on the chosen day. It is important to be home during this delivery time slot as the parcel(s) will be sent back to our warehouse if they are unable to deliver the parcel(s).
We offer next day delivery for items marked as in stock if being delivered to Ireland. The UK is 2 to 3 business days. EU orders are between 3 to 7 days. All other international orders range from 5 to 15 business days. Weather can impact on deliveries depending on your location.
We offer a comprehensive 12 month warranty on all products. Some product have extended warranty available. Please contact us for more information.
Vonderbikes.com is part of the Infababy Group of companies which include Infababy.com and Infababy.es. Infababy.com is one of the leading online baby gear stores in the UK, winning many prestigious awards in the baby Industry. With over 3k reviews on Truspilot and a rating of Excellent, you can be assured of the same excellent service and product quality when ordering from Vonderbikes.com.
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