Absolutely, Matthew! Here’s a short, professional yet conversational FAQ about a Bike to Work Scheme—perfect for internal comms, HR docs, or a company intranet page:
Bike to Work Scheme – FAQ
1. What is the Bike to Work Scheme?
The Bike to Work Scheme is a government-backed initiative that allows employees to purchase a bicycle and cycling equipment tax-free through their employer, saving up to 42% depending on your tax bracket.
2. Who is eligible to join the scheme?
All employees who pay PAYE tax and are on payroll can take part. If you're unsure, check with HR or Payroll.
3. How does it work?
Your employer buys the bike and gear up front. You then repay the cost through a salary sacrifice arrangement over 12 months, meaning payments come out of your gross salary before tax.
4. What can I buy under the scheme?
You can purchase bicycles (standard or electric), helmets, lights, locks, panniers, and other safety or commuting equipment. Accessories must be mainly for commuting.
5. Is there a limit on how much I can spend?
Yes. The cap is typically €1,250 for standard bikes and up to €1,500 for e-bikes and cargo bikes in Ireland. (Note: this may vary depending on your country’s guidelines.)
6. Can I use the bike for non-work travel too?
Absolutely! While the scheme is aimed at commuting, you’re free to use your bike for leisure and weekend rides as well.
7. What happens if I leave the company?
If you leave before the repayment period ends, the outstanding balance will usually be deducted from your final salary.
8. How do I get started?
Get in touch with HR or your Payroll team to request a Bike to Work application form or guidance on choosing a supplier.
Let me know if you'd like this tailored to a specific country (UK vs. Ireland, for example), or branded with Zendesk tone!
Comments
0 comments
Please sign in to leave a comment.