ENQUIRY FOR CYCLE TO WORK SCHEME
The Cycle to Work Scheme in Ireland encourages employees to adopt a healthier and more sustainable commuting option by providing tax incentives for purchasing bicycles and related accessories. This initiative allows employees to save money on a new bike for commuting purposes, making it an eco-friendly and cost-effective choice.
Save up to 50% on the cost of your eBike with the Cycle to Work Scheme.
For additional information, feel free to call us or use the quotation form to get in touch.
Frequently Asked Questions
1. In the initial step, you select your bicycle and accessories either in-store or online, thereby determining the exact amount for which you wish to apply.
2. In the second step, you can inform us of your selections, and we will prepare a quotation for you. This quotation can then be directed to your employer as necessary.
3. In the final step, once your employer has approved your application and made the payment to our bank account, your bike will be available for collection or delivery to your chosen address according to your preference.
As an employee you save on the costs of cycling to work because your repayments come out of your salary before tax, USC and PRSI are deducted. This means that someone on the highest rate of tax will save almost half of the cost of a new bike and equipment.
There are 3 limits depending on the type of bike you bought. The limit (including related safety equipment) is:
★ €3,000 for cargo and e-cargo bikes.
★ €1,500 for pedelecs and e-bikes.
★ €1,250 for other bicycles.
From 1 August 2020 to 31 December 2022 the limit for cargo and ecargo bikes was €1,250 and €1,500 respectively.
Note: A cargo bicycle is a bicycle with a special purpose frame which has been designed to carry heavy loads, or passengers other than the rider. A container or a platform may be integrated into, or attached to, this frame in front of, or behind, the rider. An e-cargo bicycle is a cargo bicycle with a pedelec configuration. A bicycle cannot be converted into a cargo bicycle by simply attaching a container or a trailer. The frame must be specially designed to carry large or heavy loads or passengers.
As an employee, you can use the scheme once every 4 years. The four-year span between tax breaks is counted by tax year. If you bought a bike in 2020, regardless of the month, you could buy a new bike and avail of the next tax relief in January 2024.
The scheme covers the following items, which must be bought as new (not second-hand):
New bikes and pedelecs (electrically assisted bikes that require some effort to propel), Cycle helmets, Bells and bulb horns, Lights (including dynamo packs), Mirrors, Mudguards and skirt guards, Cycle clips, Panniers, luggage carriers and straps, Locks and chains, Pumps, Puncture repair kits, cycle tool kits and tyre sealant, Reflective clothing, Bike reflectors
*Child seats, helmets and trailers are not included.
Note: The scheme does not include motorbikes, mopeds, scooters or second-hand bicycles or equipment or bicycle parts or associated equipment.
Approximate Cycle to Work Scheme Calculator
Giant Store Cork
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