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Cycle To Work Scheme

Posted on August 14 2020


At Easy Motion we try to provide the best value electric bikes around.

To make things even easier, you can save up to €757 off your electric bike with the Cycle to Work Scheme;

- NO tax

- NO prsi

- NO usc

 and

- NO hassle

 

We can offer you any of our new electric bikes under the cycle to work scheme.

From 1st August 2020 New Rules Apply
  • 5 years has been reduced to 4 years, so all from 2016 is now eligible
  • Electric bikes up to €1,500

Giving you a tidy saving of up to 50.5%!!!

It's quick and painless to get started with us in-store.

 

Here’s how it works.

The Cycle To Work Scheme | Bike To Work Scheme can be availed of every 4 years per user and covers up to the value of €1500. If the total value of the electric bike and accessories exceeds this amount, you simply pay the difference with us in store. Once the 4 years have passed, the scheme can be availed of again.

 

Next we invoice your employer for the value of the e-bike and any accessories, you will then sign a salary sacrifice agreement whereby you pay back the agreed amount over the course of a maximum of 12 months. Now here's the fun part ;-) You won't be paying back the full amount...

Once we receive the final payment from your employer we will release the bike to you.

 

Here’s a sample breakdown of what you could save on a salary of €34,000

Total cost of bike and accessories

€1000

Tax saving over payment period (40%)

€600

Employee PRSI saving over payment period (4%)

€60

 

Employee USC saving over payment period (5.5%)

€82.50

Final cost of bike & accessories

€742.50

Total saving

€757.50

 

Gross salary sacrifice, based on 12 month payment period

€125.00

Net salary sacrifice, based on 12 month salary sacrifice agreement

€63.13

Percentage saving over RRP

50.5%

 

Join the revolution in sticking it to the tax man, sign up for the Cycle to Work | Bike to Work Scheme and claim yours today!

If you still have questions check out our cycle to work section of our FAQ or send us an email to info@easymotion.ie

Let's take a look at what we have available through the cycle to work scheme:

    

Electric Bike - Momentum II Electric Bike - Slipstream II Impulse Folding Electric Bike   

 

 

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    Learn More: Electric Bike Maintenance

    Learn More: The Benefits of an Electric Bike

    Learn More: Bike Helmets | How to Wear Them

    Learn More: Motor Hub Comparison

    Learn More: FAQ

    Learn More: How Electric Bikes Work

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