Employers

Using the Cycle to Work scheme, your company can purchase a brand new bike and safety equipment worth up to €1,000 tax free, for your employees. You can use a salary sacrifice arrangement to allow your employees to pay for the bike monthly. This means that the employees saves up to 52% of the retail price of bike and equipment but your company also makes a saving of 10.75%.

What are the benefits to the employer?

There are multiple benefits for a company to introduce its own cycle to work scheme:

• Improving Your Company’s Environmental Image

  Encouraging cycling to work reduces carbon pollution and shows the employer has a keen interest in the well-being of the local community and environment. This will improve the company’s corporate image and demonstrate corporate social responsibility.

• Improving Staff health, fitness and morale

  A healthier, fitter workforce means better performance at work and fewer sick days being taken. Furthermore, the employer is seen to be concerned about employees welfare. The Scheme also offers a tangible benefit to staff in addition to the basic salary package.

• Reducing Parking and Congestion Problems

  Relieve pressure on corporate parking and traffic congestion.

• Introducing a cycle to work scheme will reduce traffic congestion and subsequently pollution on the roads in the surrounding area. Furthermore, fewer allocated spaces will be needed/demanded in the workplace for parking.