2019 Scheme Application Dates: The scheme is open for applications between the 1st - 31st May 2019
Please Note: Under no circumstances will late applications be accepted for inclusion in the scheme after the closing date.
How do I apply?
Visit any of our Cyclescheme Partner Stores to discuss and choose the best bike package for your commute and obtain a written quote – a full retailer listing can be found by clicking on the button below
To make your online application click on the below button - You will be required to fill in the required personal details including staff number and the information from your quote
You will then be required to review and sign your "Salary Sacrifice Agreement* and complete your online application
Once you have successfully applied for the scheme you will receive an email providing confirmation that your application has been received
Once your application has been approved by TU Dublin Human Resources you will be issued a Cyclescheme eCertificate via email to the email address that you provided
On receipt of your Cyclescheme eCertificate you should contact your chosen Cyclescheme Partner store to arrange collection of your bike package. Please bring along photo I.D and only provide your Cyclescheme eCertificate to the Cyclescheme Partner Store on collection of your approved bike package
Your Salary Sacrifice deductions will commence - TU Dubin will deduct the cost of the bicycle/safety equipment from your gross salary or wage, on a monthly or weekly basis (as appropriate) spread over 12 months, in the period 1st July 2019 to 30th June 2020.
*Please Note: In the event you avail of the TU Dublin Cycle to Work Scheme, you will be required to give written authorisation (by signing your Salary Sacrifice Agreement) to TU Dublin to deduct any outstanding monies due from your final salary, in the event that your employment with Tu Dublin ends before 30th June 2020.
If you have any questions regards the Cycle to Work scheme please visit our FAQ’s by clicking on the button above or alternatively contact our Cyclescheme Helpdesk via email: email@example.com or by phone: 01 903 8308
What is the Cycle to Work benefit?
The Cycle to Work initiative gives you the opportunity to sacrifice part of your salary in return for one bicycle and/or selected safety equipment up to the value of €1,000, which should be used primarily for part or all journeys to/from work and/or between work locations.
The purpose of the scheme is to encourage more employees to cycle to and from work, or between work places, thereby contributing to lowering carbon emissions, reducing traffic congestion and improving health and fitness levels.
How does it work?
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 (average savings are between 28.5%-48.5%) on the retail price.
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 €1,000.
- The TU Dublin Cycle to Work scheme is open to all whole time/part-time staff in TU Dublin, who have a minimum contract at least up until to 30th June 2020
- Hourly paid staff are not eligible to apply
IMPORTANT: You are eligible to apply for the Cycle to Work scheme once every 5 tax years. Please see second application eligibility dates below:
What can I get?
In addition to the purchase of 1 bicycle the following safety equipment (only) also qualifies:
- Cycle helmets which conform to European Standard EN 1078
- Bells and bulb horns
- Lights, including dynamo packs
- Mirrors and mudguards
- Cycle clips and dress guards
- 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 front reflectors and spoke reflectors