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Cyclescheme Partner

Cyclescheme Partner

Cyclescheme Partner

Save up to 52% on a bike and safety accessories with Cyclescheme Ireland 

By availing of the Cycle to Work benefit with Cyclescheme, you can get either a pedal bicycle and accessories up to the value of €1,250 or an e-bike and accessories up to the value of €1,500. You don’t pay Income Tax, PRSI or USC on the cost of your chosen bike package, so can save up to 52% on the retail cost

How much can I save?

By availing of the Cycle to Work benefit with Cyclesheme you can either get a pedal bicycle and accessories up to the value of €1,250 or an e-bike and accessories up to the value of €1,500. You don't pay Income Tax, PRSI or USC on the cost of your chosen bike package so can save up to 52% on the retail cost. Use the Cyclescheme Savings Calculator to get an idea of how much you might save! Note: You do not need to enter an employer code.

More Info Here 

What can I purchase through the scheme?

You can get 1 pedal bicycle/tricycle/pedelec (an electrically assisted bicycle which requires some effort on the part of the cyclist in order to effect propulsion). It will not cover motorbikes, scooters or mopeds or second hand bikes.

The following safety equipment is also covered by the exemption:

  • Cycle helmets which conform to European standard en 1078
  • Bells and bulb horns
  • Lights, including dynamo packs
  • Mirrors and mudguards to ensure riders visibility is not impaired
  • Cycle clips and dress guards
  • Panniers, luggage carriers and straps to allow luggage to be safely carried
  • Locks and chains to ensure cycle can be safely secured
  • Pumps, puncture repair kits, cycle tool kits and tyre sealant to allow for minor repairs
  • Reflective clothing along with white front reflectors and spoke reflectors 

FAQs

What is the Cycle to Work scheme?

The Cycle to Work initiative gives you the opportunity to sacrifice part of your salary in return for one bicycle and/or allowable safety equipment, which should be used primarily for part or all journeys to/from work.

Under the scheme you don’t pay Income Tax, PRSI or Universal Social Charge on the price of a bicycle or eligible accessories

To take part in the Cycle to Work scheme your employer would need to be signed up to Cyclescheme Ireland

What are the limits?

You can apply for 1 bike package and the limits are up to €1,250 for a pedal bicycle and eligible accessories and up to €1,500 for an e-bike and eligible accessories. You can only avail of the benefit and Tax savings once every 4 years.

How much can I save?

You can save up to 52% on the retail cost - average savings range from 28.5-48.5% based on marginal tax rate (20% basic and 40% Higher,) USC @4.5% and PRSI @4%.

How often can I get a bike through the scheme?

Employees can request a bike through the scheme once every 4 years.

What happens with returns?

You can see our terms and conditions here:

Can I avail of both the Ticketscheme and Cycle to Work schemes?

Yes. These schemes are not mutually exclusive.

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