Bike To Work Scheme?

32yg · 2011-04-22 16:04:51

I've heard that the bike to work scheme doesn't do all it says it does? Has anyone here used used it? Did you get the amount it told you you'd get off?? Thanks

22-04-2011 04:04PM

#1

32yg

Registered Users, Registered Users 2 Posts: 75 ✭✭

Join Date: April 2011

Posts: 63

I've heard that the bike to work scheme doesn't do all it says it does?
Has anyone here used used it?
Did you get the amount it told you you'd get off??
Thanks

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Comments

#2 22-04-2011 04:55PM

Beasty

Administrators, Social & Fun Moderators, Sports Moderators, Paid Member Posts: 78,504 Admin ✭✭✭✭✭

Join Date: May 2009

Posts: 73505

We have an FAQ section for a reason - please read it (as well as the charter) before posting - you will see a link to the wiki. which has a specific section on the Bike to work Scheme

And in answer to your question - it entitles you to absolutely nothing off the price of the bike, but you save tax/PRSI/levy on that price, so the amount of saving depends on your effective tax/PRSI/levy rate

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#3 22-04-2011 08:22PM

johnam

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Join Date: August 2007

Posts: 190

I spent the full €1000 and paid for it over two months wages. The savings were a little higher than advertised, probably due to the increases in the USC since January. In total, I reckon the final cost of the bike came out at around €480, for a €1000 spend. Seems like a good deal to me!

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