Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Cycle To Work Tax Credits

  • 29-01-2013 5:54pm
    #1
    senordingdong
    Registered Users, Registered Users 2 Posts: 10,673 ✭✭✭✭


    Can I claim tax credits for money spent on the cycle to work scheme?

    I am getting conflicting information about it but I can not see an option for it on my paye anytime.

    I was always under the impression that since the repayments were deducted from source that it was already factored into your rsi etc...


Comments

  • #2
    srsly78
    Registered Users, Registered Users 2 Posts: 7,157 ✭✭✭srsly78


    The money you get for the bike is via salary sacrifice.

    Essentially it comes off your gross, not your net. You don't get tax credits.

    You pay less tax because you earn slightly less (but get up to e1000 of bike+gear). So yes it should already be factored in.


  • #3
    senordingdong
    Registered Users, Registered Users 2 Posts: 10,673 ✭✭✭✭senordingdong


    Excellent, thanks.


Advertisement