TAX FREE BIKES

Cycle to Work Scheme

Save up to 52% and more applying for Cycle To Work Scheme in our store!

We can help you complete your cycle to work scheme application without you having to leave your own home. Email us at hello@shaka.ie for more information. 

 Here are 5 easy steps to get your bike under the scheme:

1. Call into the shop.
2. Choose your bike and get an invoice for it.
3. Bring this invoice to your employer.
4. Your employer will then issue a payment for the bike. (This can take 2-14 days).
5. Collect your bike.

You then pay this back over 12 months through your salary, but with a saving of either 31% or 52%.

It sounds unbelievable, but that’s how you can spend €1000 and pay as little as €9.23 a week (a total of only €480). 

Shaka Co. Bicycle Shop are an authorised Cycle To Work scheme dealer, meaning that you can buy your bike from us and save up to 52% by availing of the scheme. The Cycle to Work scheme is extremely easy to set up and the savings are incredible. The table below shows just how much you can save:

 

Cycle to Work Scheme - SAVINGS CALCULATOR

Example Savings

Actual savings will depend on each individuals personal circumstances.
Here is a typical example of savings possible as a Higher rate taxpayer (41%):

Higher Rate Taxpayer : 41% Tax + 4% PRSI + 7% USC = 52%

Bicycle & Accessory Purchase

€250

€500

€750

€1,000

Tax Relief Saving %

52%

52%

52%

52%

Tax Relief Saving

€130

€260

€390

€520

Net Cost

€120

€240

€360

€480

Cost split over 12 months

€10

€20

€30

€40

 

Example Savings

Actual savings will depend on each individuals personal circumstances.
Here is a typical example of savings possible as a Basic rate taxpayer (20%)

Basic Rate Taxpayer : 20% Tax + 4% PRSI + 7% USC = 31%

Bicycle & Accessory Purchase

€250

€500

€750

€1,000

Tax Relief Saving %

31%

31%

31%

31%

Tax Relief Saving

€77

€155

€232

€310

Net Cost

€173

€345

€518

€690

Cost split over 12 months

€14

€28

€43

€57

  

All You Have To Do Is:
• come to our store
• pick out a bike and accessories 
• bring an invoice to your employer
• once your employer pays, you can take your bike away

This scheme means you don't pay any PAYE, PRSI, USI, etc. on the price of the bike. So if you are on the higher tax rate you could save over €500!

If you have any queries about the Cycle to Work Scheme just give us a call on 01 8366486 or email us your query.

Employee Benefits of Bike to Work
• Save up to 52% on bike and accessories
• Huge Selection of bikes
• Expert staff here to help and advise you
• Get fit and enjoy the benefits of cycling to work

Employer Benefits of Bike to Work
• Tax savings of up to 10.75%
• Reduced parking problems
• Savings in parking taxes
• Fitter, healthier, happier workforce