Cycle to Work Scheme
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A government scheme to encourage people to cycle to work came into force on January 1st 2009. Under this scheme an employer is allowed to incur the expense of providing an employee with a new bicycle and bicycle safety equipment without the employee being liable for benefit-in-kind taxation.
The aims of the Scheme are to encourage staff to cycle to work for both environmental and health reasons. The bicycle and safety equipment provided must be used by the employee mainly for journeys between the employee’s home and normal place of work, or between his or her normal place of work and another place of work.
For employees the scheme covers bicycles and accessories up to a maximum cost of €1,000.
How the cycle-to-work scheme works
The HSE purchases the bike and the employee pays the sum back through a salary deduction over a period of up to 12 months. The repayment is made before tax and PRSI are applied.
There are many benefits for HSE staff members. Cycling is one of the best exercises you can undertake in terms of calories burned per minute, it is non-weight bearing, muscle strengthening and can raise the metabolic rate for up to four hours after exercise. Details of the scheme are contained in HSE HR Circular 002/2010.
With effect from 1st January 2013, the closing date for employees to avail of the scheme will be 30th September of each year. All repayments for the scheme must be completed within the calendar year of purchase.
Please select from the links below to get further information about the scheme in your area.
HSE Dublin North East
HSE Dublin Mid Leinster
HSE Corporate and Former Shared Services