The Cycle to Work scheme was the brain child of the Greens in the last Government, and so far seems to have been quite a positive policy. It encourages people to start cycling to work with all the inherent pluses to your health, the environment and ease congestion on the roads.
It works like this. You can buy a bike and associated equipment up to the value of €1000 and take advantage of tax relief at your marginal rate of tax (20/41%). Your employer effectively buys the bike and you pay back the amount due (less the tax relief) directly from your wages over the next 12 months.
You are not obliged to actually use the bike to get to work (or ever!) but anything that gets people spending again is to be praised.
http://www.bikescheme.ie/
FS
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