This example is based on a single person who has no additional tax credits. The savings you will make may vary depending on your tax credits, reliefs, and exemptions; or if you are a public servant. Please check your payslip to see the marginal tax rate at which you are paying PAYE, PRSI and USC.
* These examples are based on a single person who has no additional tax credits and an average income. The savings you will make may vary depending on your tax credits, reliefs, and exemptions; or if you are a public servant. Please check your payslip to see the marginal tax rate at which you are paying PAYE, PRSI and USC.
There are a lot of "Cycle to Work" scheme operators who make money off the backs of bike shops and your employees by offering OnLine Systems with complicated multi steps for both the employer and the employee.
Mc Carthy Cycles is not one of those. We are a bike shop that is very good at we do. We care about you and your employees. We offer our own Cycle To Work package completely free of charge to all and we keep all the form filling and filing mumbo jumbo to an absolute minimum, giving you more time to do what you need to do...run your business!
You purchase a brand new bike and safety equipment worth up to €1,000 Tax Free on your employee's behalf. They arrange to pay you back via a Salary Sacrifice agreement over a maximum of 12 months. They save up to 52% off the cost of the bike.
You then Save up to €108 per employee on by reducing your Employers PRSI Contribution!
This can quickly add up to some real savings.
We will handle all the paperwork for you. You do not need to inform or contact Revenue that you are offering our program.
We will help you get the program started.
We will come to your Business and Hold a Bike 2 Work Open House Info Day
They will sign this document stating what purpose the bike is to be used for and how much they will pay you back by the week or month over a maximum of 12 months
Your company will make a PRSI Contribution saving of 10.75% up to a maximum of €108 per Employee.
This can quickly add up to huge savings.
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.
People who cycle to work are Healthier, Fitter and Happier. They are also less likely to get sick!
Introducing a cycle to work scheme will reduce traffic congestion in your business area. Furthermore, fewer allocated spaces will be needed at the workplace for Employee parking. This could free up space for your customers and make it easier for them to get there.
Get a quote for your bike package by dropping in to the store or giving us a call
We will hold your selected bike and accessories with a refundable deposit, while you give the Sales Quote to your employer.
If your employer is not part of our Bike 2 Work Scheme, get them to contact us and we will set up a program with them
If your employer is already part of our Bike 2 Work Scheme, you will know how they want you to apply
They can then issue us a payment by one of the following ways:
Once the payment is received * you can come in and collect your bike and accessories
you can make a saving of between 31% - 52% depending on tax rate, making it easily the cheapest way to buy a bike. With no road tax, NCT, ever-increasing fuel costs or breakdown cover to worry about, a bike will you so much less to operate
Enjoy the many health benefits of commuting to work - on average, cyclists live two years longer than non-cyclists and cycling keeps you fit and toned.
People who cycle to work are Healthier, Fitter and Happier. You are also less likely to get sick!
By cycling to work you get your recommended daily exercise without having to spend any extra time or money to get it.