Irish Examiner: Making Cents – Bike to Work scheme offers great savings

0 say the financial benefits of availing of the Cycle to Work scheme are significant. 

According to 2019 figures, those earning less than €35,300 will gain an effective saving of 28.75% (20% IT, 4.50% USC and 4% PRSI) of the cost of the bike, while those earning over €35,300 will save at least 48.50% of the cost of the bike/equipment.