Bike benefit also known as Edenred Bike

The tax-free bike benefit brings speed and a sense of freedom to the employee's everyday life.

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The tax-free bike benefit brings speed and a sense of freedom to the employee's everyday life.

Four reasons to offer the bike benefit

Tax-free fringe benefit

Edenred Bike is an easy and cost-effective way to expand your company's employee benefit offering. Thanks to the tax-free benefit, employees can acquire a bicycle for themselves at up to 30% off!

Freedom to choose your bike

The benefit covers our partner Vapaus' wide range of bicycles, from traditional bikes to electric bikes, as well as various bike accessories.

Easy administration

Administration is easy for the employer! Everything needed is conveniently available in the Vapaus mobile application.

Environmentally friendly choice

Offering bikes as an employee benefit is a step towards the company's environmental goals and car-free travel.

he man is sitting in an armchair and looking at his computer.

The bike benefit for employers

The bike benefit is a tax-free employee benefit that can be offered tax-free for 1,200 euros per year per employee. The benefit can be offered in three ways. The most common way is by deducting it from the employee's gross salary on a monthly basis. Any type of company that wants to invest in the well-being of its employees can offer the benefit.

Edenred Bike is an easy way to offer the bike benefit. Our partner Vapaus provides support and training for acquiring company bicycles, convenient management of the benefit through the Vapaus mobile app, and a selection of over 200 bicycle brands.

Pricing

The pricing of the bike benefit is straightforward. You can choose the most suitable package for your company from the three options below. Billing will be handled through Vapaus accordingly.

Vapaus Starter

The risk-free Starter package is an easy way to start using the bike benefit.

0 €

No monthly fee for the employer

Vapaus Pro

Most popular! Includes all the basic elements for easy implementation of the benefit.

12 €

per month / active bike

Vapaus Enterprise

The most scalable and user-centric premium service with customizable options. 

16 €

per month / active bike

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A young woman is cycling in the city. In the background, there are buildings and trees.

The bike benefit for employees

With an employer-provided bike, you cycle both work and leisure trips! The Edenred Bike benefit makes it easier and more affordable to acquire a quality bike. Thanks to the tax-free benefit, you can save between 15-35 % off the bike’s purchase price.

If the benefit is offered as part of the salary, the price of the bike is deducted in 100 € monthly instalments directly from your gross salary – so you have money left for other things and you don't even have to worry about the monthly payments yourself. Due to this deduction, your tax percentage decreases without affecting e.g. your pension contributions. Calculate your savings with Vapaus' benefit bike calculator.

If the employee bicycle is offered on top of the salary, it is equated to a salary increase. This does not increase your tax rate.

You can choose your dream bike from over 200 brands, ranging from traditional bikes to electric bikes. With the bike benefit, you can also purchase various accessories, such as such as lights, pedals, and tires, tax-free for your bicycle.
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Example calculation for the beneficiary

This is how much you can save with the bike benefit in bike acquisition costs when your gross salary is 3600 €! The example describes the savings when the price of the bike is deducted from the employee's monthly salary.

Price of the bike package 3000 €
Monthly payment for the bike package 100 €
Duration of the contract period 40 months
Gross salary 3600 €
Tax percentage 21 %
Tax payable 756 €
Net salary 2844 €
The effect of the benefit on the tax percentage 0,6 %
New gross salary 3500 €
New tax percentage 20,4 %
Tax payable after the benefit 714 €
Impact of the benefit on the salary -58 €
Cost during the contract period 2320 €
Redemption price at the end of the contract period (1%) 30 €

Estimated total savings 650 € (21,67%)
Calculate your savings

The taxation of the bike benefit 

The bike benefit is a tax-free fringe benefit for the employee and tax-deductible for the employer. The benefit can be offered even if the company does not have a commuting benefit. However, it is good to note that the bike benefit reduces the annual tax-free amount of the possible commuting benefit. The bike benefit offered by the employer to its employee is tax-free up to 1200 € / per year, however the maximum total tax-free amount of the commuting benefit and the bike benefit is 3400 € / year / employee.

The bike benefit does not have to be offered to the staff collectively, and the employer can determine how much it is offered within the annual tax-free payment limits set by the Finnish Tax Administration.

About taxation

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Do you want to be among the first to take advantage of the Edenred Bike? Leave your contact information below, and our partner Vapaus will contact you regarding the bike benefit as soon as possible!

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