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Cycle to work scheme question

  • 04-06-2014 10:06pm
    #1
    JustAddWater
    Closed Accounts Posts: 1,990 ✭✭✭


    Quick question on the cycle to work scheme. My employer is in the scheme, however payment is a single payment in full (minus tax break) from the following months wages

    I would love to get a bike but if I went for the max €1k I'd have a bill of ~€700 coming from my salary the next month. I wouldnt be interested in less as I want to maximize what I can get on the scheme

    I was told that employers must offer monthly payments (6 or 12) and weren't allowed to take it all in one lump sum

    I already looked around for info to no avail....

    Anyone know what the deal is? Would prefer to have something solid to take to HR if it is the case that payments must be split

    Thanks


Comments

  • #2
    cython
    Registered Users, Registered Users 2 Posts: 4,792 ✭✭✭cython


    Megathread is that away to ask these types of questions, but from memory I think the employer is entitled to do it the way you have described, but they are limited at the other end of the scale whereby the salary sacrifice arrangement can only last for a maximum of 12 months.


  • #3
    Beasty
    Administrators, Social & Fun Moderators, Sports Moderators Posts: 78,393 Admin ✭✭✭✭✭Beasty


    JustAddWater wrote: »

    I already looked around for info to no avail....
    ;)
    cython wrote: »
    Megathread is that away to ask these types of questions,
    Thread locked


This discussion has been closed.
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