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Cycle to Work Scheme

Commuter

The Edge Sports Shop participates in the Government Cycle To Work Scheme.

Using the Bike to Work scheme, your employer can help you obtain a brand new bike and safety equipment worth up to €1,250 for a mechanical bike, or €1,500 for an e-bike. You can use a salary sacrifice arrangement to pay for the bike monthly and that means you can save up to 51% of the retail price of bike and equipment. Your employer also makes savings on Employer PRSI.

What are the benefits to the employee of the cycle to work scheme

There are a host of benefits available to employees should their workplace choose to launch a cycle to work scheme, these include:

1. Health and Wellbeing

Enjoy the health benefits of commuting to work.  Cycling is one of the best mental and physical boosts you can get to start your day.  It feels great to get out and know that you are looking after yourself, your finances, and also the environment.

Exercise helps people lose weight and lower the risk of some diseases. Exercising regularly lowers a person's risk of developing some diseases, including obesity, type 2 diabetes, and high blood pressure. Exercise also can help keep your body at a healthy weight. Exercise can help a person age well.

2. Huge savings on bikes and accessories

  • Employees will qualify for a saving of up to 51% off the retail cost of bikes and accessories from the bike to work scheme. Monthly payments with no finance charges.
  • Make your salary go further each month.
  • Save on monthly fuel, parking, car and/or train fare bills.

3. Huge Selection of Brands

Bike to Work are able to offer employees a huge choice of different brands, these include mountain bikes, hybrids and road bikes to name a few. We can also supply all the necessary accessories and cycling equipment through our network of dealers, to ensure employees are safe when riding to work.

4. Expert Staff - here to help

Expert staff are available each day to inform employees of the latest cycle equipment and advise them on the perfect bike for them.

5. Delivery to your door

Bikes and accessories can be delivered directly to the door of the employee.  We do currently charge a fee for delivery of bikes - we subsidise this as much as possible.  You can find further information on delivery charges here.

 

Payment - Direct to our company bank account is best

It is easiest if we are paid directly by companies for their employees bike to work purchase using one of the following methods:

  • Bank Direct / SEPA Payment. Company Bank details are included on all of our invoices. We can email it on headed paper and call it out over the phone to verify it too if needed.
  • Company Cheque
  • Credit card payment. 

Payment must come directly from the Employer (the employee cannot pay on their own bank account or by cash and claim it back as an expense).

For companies that have not participated in the scheme so far or who need advice on how to make it work for their company we can provide additional forms / paperwork to companies and full information on their obligations under the scheme - please email us to find out more.

Voucher Payment Schemes

We are members of all 3rd party voucher based schemes but the commission charged by these schemes means that we are unable to offer discounts on purchases / match the price that you may see on the website for products. These companies are essentially a middle man between your company and us, and charge a hefty commission to us on the transaction.  We have found that to be able to take and process these vouchers, we are unable to discount our bike to work admin service fee in order to process such vouchers, because the accounting and processing of them is difficult and costly, payment is delayed, and if something goes wrong, it is our risk (more on this below).

The schemes that we accept vouchers from are:

  • Tax Saver Bikes
  • Bike to Work Ltd / Travel Hub
  • Cyclescheme
  • Bikes4All (One4All Bike to work voucher)
  • Tax Free Bikes Ltd

If you have any questions please don’t hesitate to contact us.

Cycle to Work Scheme Admin

A lot of administrative work is generated for us by the bike to work scheme.  From 1st March 2021 with regret we have been forced to introduce an Admin fee for processing Cycle to work scheme payments.  We do our best to discount this to 0 - this is generally possible if we are paid directly - via bank direct transfer or credit card for example where we have to do very little extra admin / accounting / fee reconciliation.

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