do I have to choose an ownership option? Once payment is processed, they will contact you to arrange collection of the bicycle and equipment. The bike to work initiative is a tax-efficient, salary-sacrificed employee benefit that provides a way of encouraging more adults to take up cycling, by using a cycle for commuting purposes. How to apply Join 25 January 2021 until 03 March 2021. Employees can now save on Bikes and accessories over £1000! The form must be signed by you and your line manager. The Cycle to Work Scheme (generally known as the Bike to Work Scheme) is a tax incentive scheme to encourage employees to cycle to work. See @HSELive and HSE.ie for service disruption updates. The employee pays their employer back through a salary-sacrifice arrangement. We’ll send you a link to a feedback form. You can use the scheme once in any 4 year period. In line with the Government’s Green Transport Plan, we make it easier for both Employers and Employees to get involved with the Bike to Work Scheme. This cannot be for more than 12 months. Guidance for employers who want to put in place a cycle to work scheme. In short, we want to get people on bikes. Do not turn on your PC or laptop. The tax exemption does not apply if you pay for the bicycle and equipment. Once payment is processed, the supplier will contact you to arrange collection of the bicycle and equipment. tipperary.etb.ie/about-us/information-tetb-staff/cycle-work-scheme Cycle to work scheme. Find out what is a cycle to work scheme and see how it helps you. HR Circular 058/2020 Cycle to Work Scheme, Community Healthcare East cycle to work application form 2021, HSE South (Cork Kerry) cycle to work application form 2021, HSE South (East) cycle to work application form 2021, HSE West cycle to work application form 2021, HSE Mid-West cycle to work application form 2021, Longford, Westmeath, Laois, Offaly cycle to work application form 2021, North West cycle to work application form, Application forms available to download for 2021, cycle helmets which conform to European standard EN 1078, mirrors and mudguards to ensure that the rider’s visibility is not impaired, panniers, luggage carriers and straps to allow luggage to be safely carried, locks and chains to ensure the cycle can be safely secured, pumps, puncture repair kits, cycle tool kits and tyre sealant to allow for minor repairs, reflective clothing along with white front reflectors and spoke reflectors. You are not bound to a £1000 limit. You can use the scheme once in a 4 year period. We also use cookies set by other sites to help us deliver content from their services. You select the equipment you wish to buy from an approved supplier The supplier invoices the HSE directly. It lets you try a new or nearly new bike for a monthly fee, with the option to buy if you decide that it's for you. Welcome to Bike to Work, we are here to help you take advantage of the recent Government initiative offering tax free bikes for cycling to work. It is our aim to reduce environmental pollution, encourage healthier lifestyles and make getting on a bike less expensive than you might expect. The eBike To Work Scheme allows you to save on the full amount of your eBike purchase. Evans Cycles Ride-to-work is our in-house Cycle to Work scheme. Around 1,500 bicycles … Additionally, as all VAT registered businesses are able to recover the VAT on the purchase of a Cycle to Work Scheme package, the benefit remains revenue positive for the employer. This means the whole or part of a journey between your home and your normal place of work. The purpose of the scheme is to encourage more employees to cycle … The Cycle to Work benefit gives you the opportunity to sacrifice part of your salary in return for either one pedal bicycle and eligible safety equipment up to the value of €1,250 or one ebike and eligible safety equipment up to the value of €1,500 which should be used primarily for part or all journeys to/from work and/or between work locations. Use our savings calculator and shop online today! The scheme is You can use a salary sacrifice arrangement to save up to 51% of the retail price of bike and equipment. Welcome to Bike To Work, Ireland's number one Cycle to Work scheme provider, helping thousands of Employers to administer the scheme using Ireland's largest nationwide network of over 350 Independent Bike … All repayments for the scheme must be completed within the calendar year of purchase. Research where you would like to get your bike from: Halfords in store or Click and Collect online. It will take only 2 minutes to fill in. All content is available under the Open Government Licence v3.0, except where otherwise stated, particular benefits: exemption for bicycles, Coronavirus (COVID-19): guidance and support, Transparency and freedom of information releases, you don’t have to report them to HM Revenue & Customs (, you don’t deduct or pay tax and National Insurance on them. To take part in the Cycle to Work scheme you will need to agree to reduce (sacrifice) an agreed amount of your salary for a set amount of time in return for a bicycle and/or selected safety equipment up to the value of €1,250 for a pedal bicycle … Under the scheme you don’t pay Income Tax, PRSI or Universal Social Charge on the price of the bicycle and/or safety equipment so you can save up to 52% depending on your marginal tax rate on the retail price. Employer savings - 13.8% NI Saving!!. New bicycles and pedelecs (electrically assisted bicycles which require some effort from the cyclist). For example, if you used the Cycle to Work scheme before or during 2017, you can use the scheme again from 1st January 2021. The closing date for the scheme is Thursday 30 September 2021. Evans Cycles is the UK's largest specialist cycle and electric bike retailer and our Ride-to-Work scheme will give you access to our full range of quality bikes, clothing and equipment and a saving of up to 42% on the total value. ), plus they can buy the bike at a discounted price 3. You can change your cookie settings at any time. However, the amount you can spend on your Cycle2Work scheme still depends on your employer who chooses the limit. Employees cycle to Work Scheme. Yes. For employees we offer exclusive additional benefits not available elsewhere, and for employers our dedicated team handle all aspects of scheme administration and promotion. We are experiencing a major cyber attack. Employers will still be able to benefit from Class 1 Employers’ National Insurance Contribution (NIC) savings as before. And we get people on bikes. The scheme covers bicycles and equipment up to the value of €1,250 from approved suppliers. If the application form for your area is not available to download contact the representative for your area. Under the scheme, employers pay for bicycles and bicycle equipment for their employees. Enter your details below to see how much you could save - the calculator includes your ownership fee so there will be no additional fees to pay. Cyclescheme savings can vary but the great news is that our calculator offers very accurate savings forecasts. The supplier invoices the HSE directly. Don’t worry we won’t send you spam or share your email address with anyone. It’s a win-win proposition: 1. If they are turned on, please power them off. The tax year in which the bicycle is bought will count as the first year. Get a bike for £20/month with a 'try before you bike' scheme There's a handy scheme called PeddleMyWheels for those who live, work or study in certain London boroughs (see the full list ). What is our cycle-to-work scheme? The Bike To Work scheme was introduced by the government back in 1999. As an employer, lending or hiring bikes to employees doesn’t count as an expense or benefit - as long as they’re available to all employees and mainly used for getting to work. Employees are enabled to commute to work by bike, saving money and time (no more traffic excuses for being late! These deductions can be made weekly, fortnightly or monthly. The €1,250 limit applies to the bicycle as well as safety equipment. The employee is not liable for tax, PRSI or Universal Social Charge on their repayments. This depends on your salary payment arrangement.
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