What is Cycle to Work Scheme
By joining the Fiido Ireland Cycle to Work Scheme you can get an e-bike and accessories up to the value of €1,500 – Tax, PRSI and USC free. Your employer purchases the bike package for you and you repay via your Gross salary and make savings in your Net salary over a period of 1-12 months.
How does the Cycle to Work Scheme work?
Whether you’re an employer or employee, getting a tax-free bike with us as part of the government scheme is simple. From mountain Fiido ebikes to road Fiido ebikes, we’ll help find the right one for you. See our step-by-step guide below on how we would process a typical scheme (individual integration processes may vary). If you have any further questions, get in touch with us.
Once an employer has come onboard with Cycle Solutions, we take care of everything. From administrative tasks right through to boosting awareness of the scheme within an organisation, we are here to ensure the process runs smoothly.
Once an employee has chosen their perfect Fiido ebike and accessory package via Fiido Ireland Cycle to Work Scheme, we put together the salary sacrifice cycle to work agreements for both the employee and employer. Then, your Cycle Solutions scheme admin will receive email notification enabling them to approve any orders with a one-click process, minimising your scheme management.
Once approved, our team will contact your employee to arrange delivery, and we will then invoice in arrears for the goods. At the end of the hire period, we will manage the end of scheme process of ownership with your employee, ensuring complete compliance with HMRC guidelines.