Top of this page
Skip navigation, go straight to the content
The bicycle scheme is a continuous project. The scheme allows for the purchase of a bicycle every 3 years.
Participation in the Eindhoven Technical University bicycle scheme is open to all employees as mentioned in the "Keuzemodel arbeidsvoorwaarden TU/e".
The tax benefits are intended as an incentive for employees to cycle to work.
The bicycle to be purchased must be used for commuter travel on more than half the number of working days.
Employer may issue a bicycle to employees once every 3 years; the purchase price may be deducted from holidays and certain parts of the gross wage, thus creating a tax benefit.
The 3-year-term starts from the first restitution.
A maximum of € 749 of the price of the bicycle can be financed as mentioned above.
One can buy a more expensive bicycle, but the difference between the price of the bycicle and the maximum amount of € 749 will be at employees own expence. This difference can not be financed with leave hours or parts of the gross wage as mentioned in the "keuzemodel Arbeidsvoorwaarden".
Besides the cost of the bicycle, a sum of € 246 may be deducted for maintenance.
The € 246 will be paid to you in terms of € 82 per calendaryear during 3 years. The first term will be paid with the amount for the bicycle, the ohter two terms in the following calendaryears. The € 82 per year can only be deducted from the parts of gross income of your choice: holiday pay of end-of-year allowance.
The total insurance premium (arranged with the supplier) may be deducted.
The remaining period of employment following the purchase of the bicycle must be at least 6 months.
A bicycle may only be issued to university employees (not a family member).
The employee may purchase a bicycle as mentioned above from the supplier of his/her choice. The invoices made out in the name of the employee, stating date of birth, will be paid by the employee him/herself.
Invoices have to be handed in within two months after the purchase.
Employee should sign a form in which he/she declares that he/she is familiar with the contents and conditions of the regulation, and that the bicycle will be used for commuter traffic. If a subsequent inspection reveals that the employee is not complying with the conditions for participation, he/she will be required to pay the relevant wage tax and social security contributions (including possible fine and/or interest).
Once every three years a maximum of 38 leave hours can be brought in to finance the purchase of a bicycle (swap time for money). The value of an hour is, only for this purpose and regardless the level of salary, € 20 nett. An after deduction of hours remaining amount can be financed, according to the Keuzemodel arbeidsvoorwaarden, with holiday allowance, year-end bonus, or bonus. (swap money for money).
At the end of this page you find a calculation example.
The employee will not receive direct reimbursement for the purchase price of the bicycle.
The by the employee brought in leave hours will be deducted from the holiday balance bij the employees manager and the value of these hours will be paid by the salary administration as a "onbelaste vergoeding fiets"
The salary administration deducts the purchase price of the bicycle (plus insurance premium) from the brought in leave hours.The rest of the purchase amount can. in the current year, be deducted from gross income-parts as mentioned by the employee.
Deductions from the gross holiday allowance must not result in the gross allowance falling below the legal minimum (legal minimum for 2008 =
€ 1711,92 with a full-time contract of employment).
The salary administration will ensure that payments are made in such a way that the gross wage does not fall below the legal minimum allowance.
When the holiday allowance is insufficient for the payment, other sources for financing have to be chosen.
The reduction of the gross income parts has no consequences for the build-up of pensioen. It may however have consequences for unemployment benefit (WNU) and disability benefit (WIA).
The first year an amount of € 900 plus € 82 = € 982 is considered for the bicycle-scheme.
You bring in 38 hours (value € 20 an hour). Total € 760. The € 760 will be paid nett with your salary. According to the Keuzemodel, you can finance the rest of the amount, € 222, with certain gross income parts. Thus creating a fiscal benefit. You decide to use your gross holiday allowance. Doing so you can get a fiscal benefit, depending on your income level, up to 52%.
Let's say your benefit is 42%. In that case your fiscal benefit over € 222 is € 93*.
You have financed your bicycle with hours and a fiscal benefit. The rest,
€ 982 minus (€ 750 + € 93) = € 139 remains at your own expence.
*The benefit over the amount for maintenance will be spread over three years in equal terms of € 82 per year. Therefore you have to choose which part of your gross income you would like to deduct the € 82 from the current year and the next two years: holiday pay or end-of-year allowance.