Cycle to Work .

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Since 1 January 2009, a government scheme to encourage people to cycle to work came into force. Cycling keeps you fit, it’s fast, cheap and reliable – and it’s good for the environment.

The new bike scheme covers bicycles and accessories up to a maximum cost of €1,000. The bicycle must be purchased by your employer but the scheme can then operate either with your employer bearing the full cost of the bicycle, or by way of a salary sacrifice agreement (like the existing travel card scheme) in which you pay for it, tax free, over 12 months.

Participating in the bicycle scheme is easy. If your employer decides to take part, they simply buy the bike and equipment on your behalf and off you go. Its is up to you and your employer to decided whether they buy the bike outright for you or whether you pay for it via ‘salary sacrifice’. Either way you save on tax.

The scheme is flexible in its application in that your employer doesn’t have to specifically notify the Revenue Commissioners that you’re availing of the scheme and 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.

 

 

 

 

 

 

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BIKE OF THE WEEK

WAS €675

NOW €600

SPEEDER 100

COLOR matt black (white)
FRAME SIZES
47cm
52cm
56cm
59cm
FRAME SPEEDER LITE
FORK Speeder BC Alloy straight disc
DERAILLEUR FRONT Shimano M191 48
DERAILLEUR REAR Shimano Claris GS
SHIFTERS Shimano EZ fire / Shimano EZ fire 8
BRAKE LEVER Shimano EZ Fire
BRAKES Promax MTD Mechanical 160
CHAINWHEEL Shimano M131 48-38-28 CG
CHAIN Chain 8s
HUBS Alloy Disc / Alloy Disc cassette
RIM MERIDA comp 22 disc pair
FREEWHEEL Sunrace CS8 11-28
TIRES Maxxis Detonator 32 60
SPOKES Black stainless
HANDLEBAR STEM MERIDA Comp OS 6
HANDLEBAR MERIDA comp OS 600 Flat
HEADSET Big Conoid Semi
SEAT POST MERIDA road comp SB12 31.6
SADDLE MERIDA Sport
PEDAL XC pro alloy
WEIGHT 11.13 kg
...

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