Cycle to work scheme

The introduction with effect from the first of January 2015 of the (new) work-related costs scheme will put an end to the attractive (employer-sponsored) cycle to work scheme as we have come to know and appreciate it.

Under the present scheme, any employee who cycles to and from work at least once every two work days qualifies for such a “company bicycle”, the untaxed allowance in respect of which has been capped at € 749 for 2014.

The (new) work-related costs regime will still feature a cycle-to-work scheme, albeit a less attractive one as the “company bicycle” will make inroads on the free margin.

If the bicycle cannot be supplied before the current year is out, you may decide instead to go with an allowance.