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
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
What happens with returns?
You can see our terms and conditions here:
Can I avail of both the Ticketscheme and Cycle to Work
Yes. These schemes are not mutually exclusive.