BIKE TO WORK SCHEME
Bike to Work Scheme – Updated Rules
(Effective from 1st August 2020)
The Cycle to Work Scheme has been revised to offer even more value and flexibility for commuters in Ireland.
🚴 What’s New?
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Standard Bicycles – Tax-free allowance of up to €1,250
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Electric Bikes (Pedal-Assist) – Covered up to €1,500
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Electric Cargo Bikes – Now included with a generous allowance of up to €3,000
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Eligibility window reduced – You can now reapply every 4 years instead of 5
→ If you last availed of the scheme in 2021, you're eligible again in 2025
Who Can Apply for the Cycle to Work Scheme?
The scheme is open to all salaried employees in Ireland who are paying PAYE tax. It's an excellent opportunity to save money while switching to a greener, healthier commute.
Is There a Price Limit?
Yes, tax relief applies only up to the following amounts:
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€1,250 for a standard bicycle
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€1,500 for a pedal-assisted electric bike
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€3,000 for an electric cargo bike
If your total order exceeds the allowance, you can simply pay the difference directly to the retailer.
How Often Can I Use the Scheme?
You are eligible to use the Cycle to Work Scheme once every 4 years.
HOW THE PROCESS WORKS
🚴♂️ Getting a Tax-Free Bike Through
the Cycle to Work Scheme
How It Works
How do I get started?
Simply visit our store to choose your ideal bike and any accessories you need. We’ll take care of the paperwork and can even email you the completed forms.
Once you have the purchase agreement, just pass it on to your HR department. When your employer processes the payment, you’ll be ready to collect your brand-new bike package from us!
What’s the payback period?
The repayment is usually spread over up to 12 months, depending on your employer’s payroll options.
Do I have to cycle to work every day?
Not at all! While the bike should be mainly used for commuting, there’s no requirement to log your trips or cycle every day. You’re also free to enjoy your bike at weekends and on holidays.
How much can I save?
Your savings depend on your income tax rate — but you could save up to 51%!
For example, a bike worth €500 could cost you as little as €240, or just €4.62 per week.
I’m ready to join – what’s next?
Visit our online store and follow the simple steps above to place your order.
Prefer to speak with us? Call or email and we’ll send you everything you need, including your completed forms.
Ready to Apply?
Fill in your details using the form below and let's get rolling!