Cycle to Work Scheme: Save up to 52% on a New Bike

What is the Cycle to Work Scheme?

Did you know you can save between 31% and 52% on the cost of a new bicycle and safety accessories? The Cycle to Work Scheme is a government tax incentive designed to encourage more people to cycle to and from work. It allows your employer to purchase a bike on your behalf, which you then pay back through a salary sacrifice arrangement.

Because the repayments come out of your salary before tax, USC, and PRSI are deducted, you save a significant amount on the final cost.

What are the Limits?

As of the latest government updates, the scheme covers the following maximum amounts:

• €1,250 for standard bicycles and accessories.
• €1,500 for electric bikes (e-bikes) and accessories.
• €3,000 for cargo bikes and e-cargo bikes.

Note: You can purchase a bike that costs more than these limits, but you will only receive tax relief on the capped amount. You must pay the balance directly to us.

What Can I Buy?

The scheme applies to new bicycles and pedelecs (e-bikes), but it also covers essential safety equipment. You can bundle these into your quote:

• Helmets, lights, and bells.
• Locks and chains.
• Mirrors, mudguards, and cycle clips.
• Panniers, luggage carriers, and straps.
• Cycle clothing (e.g., high-vis vests, rain gear).

Why Employers Love the Scheme

It is not just the employee who benefits. The Cycle to Work Scheme is highly attractive for businesses of all sizes in Ireland.

• Employer PRSI Savings: This is the biggest financial incentive. Your company does not pay Employer PRSI (currently 10.75%) on the salary sacrificed. This means if an employee buys a bike for €1,000, the company actually saves €107.50 in tax liability.
• Healthier Workforce: Staff who cycle to work are generally fitter, healthier, and take fewer sick days than non-cyclists.
• Reduced Overheads: Encouraging cycling reduces the demand for expensive car parking spaces at your office.
• Zero Cost: The scheme costs the business nothing to implement. The cost of the bike is fully recovered from the employee's gross salary over a period of up to 12 months.

How to Apply (Step-by-Step)

1. Visit Us In-Store

   Call into our shop and browse our range. Our team will help you choose the perfect bike and any accessories you need.

2. Get Your Invoice

   Once you have selected your gear, we will provide you with a written quotation (invoice) for the total amount.

3. Submit to Your Employer

   Hand this quotation to your HR department or employer. They will pay us directly for the equipment.

4. Collect Your Bike

   Once we receive payment from your employer, we will contact you to collect your new bike! Your employer will then deduct the cost from your gross salary over a period of up to 12 months.

Frequently Asked Questions