Discover Cycling - Get Ireland Active
Discover Cycling - Get Ireland Active
Discover Cycling - Get Ireland Active
Create successful ePaper yourself
Turn your PDF publications into a flip-book with our unique Google optimized e-Paper software.
Bike to Work Scheme<br />
To help promote the use of bikes for<br />
commuting the government run a<br />
scheme that allows employees to<br />
purchase a bicycle and associated<br />
accessories tax free.<br />
The scheme covers bicycles and<br />
accessories up to a maximum cost of<br />
€1,000. The bicycle must be purchased<br />
by your employer but the scheme can<br />
then operate either with your employer<br />
bearing the full cost of the bicycle, or by<br />
way of a salary sacrifice agreement in<br />
which you pay for it, tax free, over 12<br />
months. If the bicycle is purchased<br />
directly by the employer, it can be<br />
claimed as a tax exempt benefit in kind.<br />
Where it is financed via a salary sacrifice,<br />
the employee saves on income tax,<br />
levies and PRSI.<br />
The employee chooses the bicycle and<br />
associated equipment (locks, helmet,<br />
pumps and lights) that he or she wants<br />
up to €1000. The employer then<br />
purchases the equipment on his or her<br />
behalf. It is then up to the employee and<br />
employer to decide how the bicycle will<br />
be paid for, whether the employer buys<br />
the bicycle outright for the employee or<br />
whether the employee pays for it via the<br />
salary sacrifice.<br />
For more information on the<br />
bike to work scheme go to the<br />
website: www.bikescheme.ie<br />
Mark Lidwell<br />
Age 54, Cavan<br />
At the ripe old age of fifty-four, I have<br />
taken up cycling. The object of the exercise<br />
is simply to try to remain fit and healthy –<br />
I have no illusions of emulating Lance<br />
Armstrong! My mount is a Raleigh Pioneer<br />
Metro which I imagine is the workhorse of<br />
the cycling fraternity as opposed to the<br />
racing filly with its downturned handlebars<br />
or the steeple-chaser with its tractor tyres.<br />
At the moment I ride out three mornings a<br />
week, for anything from thirty minutes to<br />
an hour. I tend to set out at an ungodly<br />
hour of the morning, which has the<br />
advantage of avoiding traffic, as well as<br />
neighbours fearing the onset of<br />
Alzheimer’s disease. Living at the top of a<br />
steep hill means an easy start but a<br />
ferocious final furlong.<br />
Dress is optional – hitherto I remain lycrafree!<br />
Helmet is obligatory. Apart from the<br />
usual aches and pains, I do suffer from the<br />
embarrassment of saddle-soreness, and<br />
am looking into the possibility of investing<br />
in padded shorts. My recurring nightmare<br />
is a puncture in some out-of-the-way<br />
place because, although I do possess a<br />
repair kit, the likelihood of carrying out a<br />
successful operation on the side of the<br />
road is negligible. So I always pray for a<br />
safe return.<br />
28