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We're giving customers the chance to ride a quality bike
As 75% of our sales are in the budget end of the market, Cyclescheme has given us a great opportunity to allow customers, who normally wouldn't ever dream of buying a more expensive machine, the chance to experience the difference riding a quality bike can make. Take for example the quote from a 50+ year old man who has just brought his 6 week old Marin back for its after-sales check-up; "before I bought that bike I thought that a bike was just a bike. I can't believe how different it is to any other bike I have ridden. It's much lighter, more responsive and very comfortable."
Partner Store
Get a bike for work the easy way
Welcome to Cyclescheme, the Republic of Ireland’s leading provider of tax free bikes for work through independent bike shops. We are very pleased to help you with information on one of the best government tax breaks so far. Our frequently asked questions should cover most queries on the general running of the scheme, and you can use our partner finder to see where your nearest participating shops are.
How it works
- You visit one of over 100 participating bike shops to select the bike and equipment that you want. Choose a retailer from our list of partner stores. You will be given a paper quote, and you can use Cyclescheme's online tool to apply for your chosen package by entering the details online and requesting a secure certificate.
- Once you have requested a secure certificate, your employer confirms eligibility and approves the request. Cyclescheme will send them an invoice for the bike package, and a salary sacrifice agreement is sent to you to sign. As soon as the bike is paid for, the secure certificate is sent to you.
- You contact your chosen bike shop to arrange collection. You'll be asked for photographic ID when collecting the bike and equipment.
- Your salary sacrifice payments are deducted from your gross monthly salary. At the end of the repayment period the bike will become yours.
Help your employer help you!
A cycle to work scheme is a great incentive for employees, and companies can save money too - every bike processed through the scheme means an employer's PRSI saving. Everybody wins, and it's time to let your employer know!
We have a full information pack to give to your employer when they contact us on your behalf, which will tell them all about how the scheme operates. They can even download it from this site. The good news: once your employer is on board we help them administer the scheme and you should be on two shiny new wheels before you can say “where are my cycle clips?”.
Your employer has to be willing to run the scheme before you can get your bike. This is because the scheme can only run through what is known as a salary sacrifice, where you agree to temporarily reduce your wages to pay for the purchase of goods – in this case a bike and equipment. The scheme is available to Republic of Ireland tax payers who pay PRSI. Please note that the self-employed cannot take part in the scheme.
How much could I save?
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Our calculator can show you the big savings you could make through Cyclescheme. Enter your employer code if your company is already running the scheme to make sure you get the most accurate figures.
Savings displayed here are for illustration only. If you don't enter an employer code, your calculation will not include information such as finance charges and your actual savings may be lower.