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Bikes4work

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Halfords is working in partnership with The Gift Voucher shop and their One4all Bikes4work scheme to bring cycle to work to you.

Bikes4work Introduction

Cycle to work was introduced by the government in January 2009 as a tax break to encourage employees to cycle to work.

Employees make huge savings on a new bike and safety accessories and employers benefit by saving money on PRSI, encouraging a healthier workforce and offering a tangible benefit to staff, which is free to set up.

The purposes of the scheme are to:

  • Encourage more employees to cycle to and from work
  • Lower carbon emissions
  • Reduce traffic congestion
  • Improve health and fitness levels

Read on to find out more information and to see the benefits of joining the Halfords Bikes4work scheme.

Bikes4work Information for Employers

Cycle to work is a simple initiative introduced by the Irish Government, which supports employers in providing their employees with bikes and safety equipment for cycling to work. We offer a free service to all employers to help take advantage of the tax break.

Through the Halfords Bikes4work scheme you can purchase a brand new bike and safety equipment up to the value of €1,000 tax free for your employees. Your employees will then participate in a salary sacrifice arrangement over a maximum period of 12 months to pay for the bike and safety accessories. Employees can save up to 51% of the retail price of a bike and safety accessories whilst you also make savings.

Benefits for Employer:

  • Working with a trusted and compliant cycle to work scheme
  • Employers PRSI is not payable on the cost of the bike or safety equipment so savings can be made
  • Minimal administration and zero cost to implement
  • Offer a tangible benefit to staff encouraging staff loyalty
  • Cycle to work can improve your company's competitive advantage as an employer in the market place
  • Employees have a huge range of top brand bikes to choose from and can save up to 51% on the cost of their bike package

How to Join

Employers:

Register your details on www.bikes4work.ie and an Account Manager will call you back shortly.

Or go in-store and give your contact details to a store colleague.

Employee:

Get your company onboard - they need to sign up to the scheme before you can join!

To get involved please use one of the methods below to let your employer know that you are interested in joining the scheme.

  • Copy and paste this link www.bikes4work.ie and email it to them.
  • Speak to a Halfords store colleague, they will take your details and we will speak to your employer on your behalf
  • Visit www.bikes4work.ie and register your details - again, we will speak to your employer on your behalf.

Information for Employees

Cycle to work is a tax break introduced by the Irish Government to encourage you to cycle to work. Once your employer signs up they can provide you with a new bike and safety accessories.

When your employer signs up to the Halfords Bikes4work scheme they can purchase a brand new bike and safety accessories up to the value of €1,000 tax free, on your behalf. You will then be able to participate in a salary sacrifice arrangement over a period of a maximum of 12 months to pay for the bike. You can save up to 51% of the retail price of a bike and equipment and your company will make savings too.

Great benefits when you join the Halfords Bikes4work scheme

  • Save up to 51% off the retail price of a bike*
  • Lowest price guarantee offering best value for money*
  • Free Build and 6 Week First Service for a guaranteed ready-to-ride bike
  • No finance charges or credit checks making it easy for you to join
  • SAVE MONEY, GET FIT, GO GREEN... GET CYCLING

What You Need to do Next

Get your company onboard - they need to sign up to the scheme before you can join!

To get involved please use one of the methods below to let your employer know that you are interested in joining the scheme.

  • Copy and paste this link www.bikes4work.ie and email it to them.
  • Speak to a store colleague, they will take your details and we will speak to your employer on your behalf
  • Visit www.bikes4work.ie and register your details - again, we will speak to your employer on your behalf.

What are the savings?

Below are examples of how savings are made for basic and higher Tax rate payers for bike and accessories packages. Costs are spread over a 12 month period. To find a more accurate calculation, please see our cost calculator on www.bikes4work.ie

Packages can start at as little as €100 or as much as €1,000.

Retail Price for Bicycle & Equipment (€300.00):

    Higher Rate Taxpayer

  • PAYE Tax Savings at 41% - €123.00
  • PRSI at 4% - €12.00
  • USC at 7% - €21.00
  • Net Cost Per month: €12.00
  • Total Cost over 12 Months: €144.00
  • Total savings made over 12 months: €156.00
  • Standard Rate Taxpayer

  • PAYE Tax Savings at 20% - €60.00
  • PRSI at 4% - €12.00
  • USC at 7% - €21.00
  • Net Cost Per month: €17.25
  • Total Cost over 12 Months: €207.00
  • Total savings made: €93.00

Retail Price for Bicycle & Equipment (€500.00):

    Higher Rate Taxpayer

  • PAYE Tax Savings at 41% - €205.00
  • PRSI at 4% - €20.00
  • USC at 7% - €35.00
  • Net Cost Per month: €20.00
  • Total Cost over 12 Months: €240.00
  • Total savings made over 12 months: €260.00
  • Standard Rate Taxpayer

  • PAYE Tax Savings at 20% - €100.00
  • PRSI at 4% - €20.00
  • USC at 7% - €35.00
  • Net Cost Per month: €28.25
  • Total Cost over 12 Months: €345.00
  • Total savings made: €155.00

Retail Price for Bicycle & Equipment (€1000.00):

    Higher Rate Taxpayer

  • PAYE Tax Savings at 41% - €410.00
  • PRSI at 4% - €40.00
  • USC at 7% - €70.00
  • Net Cost Per month: €40.00
  • Total Cost over 12 Months: €480.00
  • Total savings made over 12 months: €520.00
  • Standard Rate Taxpayer

  • PAYE Tax Savings at 20% - €200.00
  • PRSI at 4% - €40.00
  • USC at 7% - €70.00
  • Net Cost Per month: €57.70
  • Total Cost over 12 Months: €690.00
  • Total savings made: €310.00