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Introduction

The Cycle to Work Scheme encourages employees to cycle to work for environmental and health reasons. In summary:

  1. Purpose and Benefits:

    • Introduced to promote cycling as a commuting option.
    • Aims to improve health, reduce traffic congestion, and lower environmental impact.
    • Allows employers to purchase bicycles and safety equipment for employees.

  2. Tax Benefits:

    • Employees receive bicycles and safety gear without incurring benefit-in-kind taxation.
    • Employers can buy bicycles up to certain financial limits.

  3. Eligibility and Limits:

    • Employees must cycle to work.
    • Three limits based on the type of bicycle purchased.
    • Check detailed information for eligibility criteria.

Using Quick Setup to set up Cycle to Work

You can use the Quick Setup facility to set up Cycle to Work

Select the Employee you wish to set up the Cycle to Work for in the Employee Screen. At the top of the screen, click the Quick Setup button

Enter Cycle to Work details

In the Quick Setup Dialogue tick 'Cycle to Work'

A section will appear where you can enter the amount of cycle to work the employee is sacrificing per pay period. 

Click 'Save' to save the amount

Entering directly into the deductions grid

If you have used the Quick Setup utility, notice that it has created a new deduction in the Employee Deduction grid.

You could have also entered the details directly into the Deductions grid without using the Quick Setup facility.

Note that:

  • The Type column is Bike to Work
  • PAYE, PRSI and USC columns are all unticked

If you entered the details directly into the grid, do not forget to click Update Employee to save it.