Government Incentive to cycle

observer

hey can anyone unravel the last incentive the government gave for people going to work on bicycles. my bike was robbed just before christmas and i can avail of this offer but don't understand the benifit of it. say for example i want to buy a bicycle for 500 euros? what is the saving made by putting it through my office and how do i go about it?

blorg

Basically your employer can give you a bike valued up to €1,000 without it being taxed as a benefit-in-kind. There is the option (which most employers will take unless yours is very generous) of your paying for the bike yourself through salary sacrifice. So in effect this means that you pay for the bike out of your pre-tax pay, saving around 42-50% on the price if you are in the higher tax bracket depending on whether you are over the PRSI ceiling. Your employer will save the employer's PRSI contribution but cannot claim back the VAT.

Gavin

More at http://wiki.boards.ie/wiki/BikeToWork

TinyExplosions

Info document attached (pdf)

http://www.bikescheme.ie/

new website

Raam

Deleted User wrote: »

http://www.bikescheme.ie/

new website

Hey we are mentioned on it!

Boards.ie
Irelands leading forum for cycle issues.

Chips Lovell

We can incorporate that into the next batch of jerseys - "endorsed by the Green Party".

Gavin

bikescheme.ie wrote:

Unlike a car, a bike does not need road tax, an NCT or breakdown cover and, above all, there aren't any fuel bills.

Shockin'

Lumen

el tonto wrote: »

We can incorporate that into the next batch of jerseys - "endorsed by the Green Party".

Not fair, I was holding out for "motorist, you disgust me" as the slogan most likely to get me a decent rear ending in 2009.

Oops. Site looks a bit rushed but I like the idea.

cyclopath2001

Lumen wrote: »

Not fair, I was holding out for "motorist, you disgust me" as the slogan most likely to get me a decent rear ending in 2009.

Or: "Motorists are a waste of space".

But the title of this thread should be changed,it's not really a "government incentive to cycle", if that were the case they'd have reformed the unfair cycle track laws.

Trojan

blorg wrote: »

Basically your employer can give you a bike valued up to €1,000 without it being taxed as a benefit-in-kind. There is the option (which most employers will take unless yours is very generous) of your paying for the bike yourself through salary sacrifice. So in effect this means that you pay for the bike out of your pre-tax pay, saving around 42-50% on the price if you are in the higher tax bracket depending on whether you are over the PRSI ceiling. Your employer will save the employer's PRSI contribution but cannot claim back the VAT.

Wow, cool. LogOn Internet Marketing Ltd might be buying me a new bike later this year

sickle

so has anyone been offered a new bike by their employers yet?
I asked the boss in here and they aren't going to do it
guess i will have to start saving!

Raam

sickle wrote: »

so has anyone been offered a new bike by their employers yet?
I asked the boss in here and they aren't going to do it
guess i will have to start saving!

I have, but I can't justify it.

TinyExplosions

Raam wrote: »

I have, but I can't justify it.

Bet you could if it was 58cm and steel...

Raam

TinyExplosions wrote: »

Bet you could if it was 58cm and steel...

Touché

It's just the frame I'm looking for though, and a cheap old one too

Trojan

A frame *is* a bike. Surely?

Raam

Trojan wrote: »

A frame *is* a bike. Surely?

Tis, but I don't want to waste my opportunity of spending a grand on a frame that costs a lot less

TinyExplosions

Raam wrote: »

Tis, but I don't want to waste my opportunity of spending a grand on a frame that costs a lot less

But if you get a nice one of these in 853, with a nice paint job you'll spend your grand and have a nice frame

Raam

TinyExplosions wrote: »

But if you get a nice one of these in 853, with a nice paint job you'll spend your grand and have a nice frame

WAAAAAAAAAAAAY too expensive.

Trojan

TinyExplosions wrote: »

But if you get a nice one of these in 853, with a nice paint job you'll spend your grand and have a nice frame

He spaketh the truth you know.

I'm looking for a nice relaxed geometry, LIGHT, touring frame. Doesn't necessarily have to be steel but no carbon (I'm 17 stone). Any recommendations? Any Ti recommendations?

(I've been looking at King of Mercia)

TinyExplosions

Trojan wrote: »

He spaketh the truth you know.

I'm looking for a nice relaxed geometry, LIGHT, touring frame. Doesn't necessarily have to be steel but no carbon (I'm 17 stone). Any recommendations? Any Ti recommendations?

(I've been looking at King of Mercia)

How much you willing to spend? For Ti, Van Nicholas and Litespeed do nice bikes

TinyExplosions

Raam wrote: »

WAAAAAAAAAAAAY too expensive.

Not for that quality its not You'll spend that much on a mass produced carbon frame, but not on hand crafted steel? interesting...

Biggest problem I have is that I'll not want to leave mine locked anywhere!

Raam

TinyExplosions wrote: »

Not for that quality its not You'll spend that much on a mass produced carbon frame, but not on hand crafted steel? interesting...

Biggest problem I have is that I'll not want to leave mine locked anywhere!

For me, I mean, way too expensive for me. I'm looking for something of the 50 quid variety.

TinyExplosions

Raam wrote: »

For me, I mean, way too expensive for me. I'm looking for something of the 50 quid variety.

Ah!

Good luck with that (any replies to your earlier post?)

Raam

TinyExplosions wrote: »

Ah!

Good luck with that (any replies to your earlier post?)

Verb offered Caroline one.

Gavin

It's a girls bike !

Trojan

TinyExplosions wrote: »

How much you willing to spend? For Ti, Van Nicholas and Litespeed do nice bikes

A significant portion of the government allowance. Like £750 or so.

Depends on how trading goes this year of course

TinyExplosions

Raam wrote: »

Verb offered Caroline one.

Told you it works! (just maybe not for you )

Traumadoc

I hope the employers have good public liability insurance, seeing as they own the bicycles, they will be responsible for the upkeep too.

Ryaner

Traumadoc wrote: »

I hope the employers have good public liability insurance, seeing as they own the bicycles, they will be responsible for the upkeep too.

What do you mean by this?

I'm about to order mine now.

RobFowl

Don't think it will apply to the Irish scheme. In the UK the employers technically own the bike. Here you will own it so the employers public liability insurance has no relevance.

penexpers

Traumadoc wrote: »

I hope the employers have good public liability insurance, seeing as they own the bicycles, they will be responsible for the upkeep too.

this came up in another thread - I don't think they will own the bikes.

Gavin

Traumadoc wrote: »

I hope the employers have good public liability insurance, seeing as they own the bicycles, they will be responsible for the upkeep too.

This came up before, surely it's not true.

Ryaner

It seems that it can be done either way. In our company we own the bikes as soon as they arrive and then owe the company money while it comes out of our wages for the 12 months.

Ryaner

Does anyone know if people are allowed buy second hand buys from a bike shop? There is only the occasional reference to a new bike but the word new isn't in anything from the revenue.

Raam

Ryaner wrote: »

Does anyone know if people are allowed buy second hand buys from a bike shop? There is only the occasional reference to a new bike but the word new isn't in anything from the revenue.

Nope, new bikes only.

flickerx

Lumen wrote: »

Not fair, I was holding out for "motorist, you disgust me" as the slogan most likely to get me a decent rear ending in 2009.

Have you seen the print design for the back of my cycling jersey already?

Chris Peak

Originally Posted by bikescheme.ie
Unlike a car, a bike does not need road tax, an NCT or breakdown cover and, above all, there aren't any fuel bills.

Verb wrote: »

Shockin'

"These maps are not a representation of the quality of or safety along these routes... Indicated cycle routes are correct as from summer 2007...." :rolleyes:

Beautiful

niceonetom

Chris Peak wrote: »

"These maps are not a representation of the quality of or safety along these routes... Indicated cycle routes are correct as from summer 2007 pointless...." :rolleyes:

Beautiful

accurate.

Verb

Verb wrote: »

Shockin'

bikescheme.ie wrote:

Unlike a car, to use the roads a cyclist does not need to pay motor tax, NCT or breakdown cover and, above all, there aren't any fuel bills.

Yay, they changed it. Good on them.

Civilian_Target

Did you email them or do they just happen to read this forum 8)

Um... I might have e-mailed them. But if they had boards.ie down anyways I assume someone reads here.

*waves*

Civilian_Target

Well, no, it's a good thing - otherwise we'd have had to hack their site and replace it with turn me on

Don17

Just wondering is anyone here , like myself ,workin for the HSE and trying to avail of the Cycle to work scheme.?
I rang payroll/finance who put me thru to HR who never heard of it.
I sent HR an email, explaining it as best i could with numerous links attached to this website, revenue etc but haven't heard anything back yet.
Any ideas

Thanks

BostonB

Our place is doing nothing about it yet either.

Going to the UK or NI is looking like a better option tbh.

SerialComplaint

Don17 wrote: »

Just wondering is anyone here , like myself ,workin for the HSE and trying to avail of the Cycle to work scheme.?
I rang payroll/finance who put me thru to HR who never heard of it.
I sent HR an email, explaining it as best i could with numerous links attached to this website, revenue etc but haven't heard anything back yet.
Any ideas

You might need to get your union and/or your partnership committee to jizz them up a bit. Maybe if you get get the Green ministers onto their case, they might pay some attention.

Highway_To_Hell

I ordered a new bike in early Jan but the delivery has been delayed and the order has not been processed but I just found out my work place will implement the bike to work scheme and I have been able to change the order name into the company name and they will make the payment. Happy days.

Diarm

Hello all,
Just being going through this thread and am wondering if any civil servants have availed of this scheme, I work for an Garda Siochana and am hitting a brick wall at the moment. Also found this web site www.biketowork.ie this guy will act as a go between,

thanks

Diarm

Gavin

It would probably be worth while emailing one of the Green Ministers/TDs about that. Civil servants should be absolutely able to use the scheme

Iaino

You can save up to 47% off the cost of the bike but your employer must sign up for the scheme first. They can do this either with one of the bike shops or one of the companies offering the bike to work scheme. There are a few around, think Halfords do it and also Bike to Work.