Bike to Work Scheme
The Government Cycle to Work Scheme is a tax incentive scheme to encourage people to cycle to work. Under this scheme, your employer pays for a new bike and safety accessories and you repay this cost in regular instalments from your gross salary. These payments are not liable for Tax, PRSI, or USC. Using the Bike to Work scheme, your employer can help you obtain a brand new bike and safety equipment worth up to €1,250 for a regular bike, and up to €1,500 for an electric bike.
If your employer offers the Cycle to Work Scheme, you can get a new bike once every five years. Availing of the scheme is relatively easy. Once you know what bike and safety equipment you would like all you have to do is let your employer know and they will make the payment for you. You must sign a written agreement stating that the bike is for your own use for commuting to and from work. Your employer then sets up salary deductions over an agreed timeframe of up to 12 months. It is important to note that your employer must make the payment. They cannot reimburse you if you purchase the bike yourself.
How Does the Cycle to Work Scheme Work?
Step 1: Choose Your Bike
Browse our range of cycle products. Safety equipment such as helmets, lights, and reflective clothing are included in this scheme, so make sure you choose ones that you like in addition to your new bike.
Step 2: Tell Your Employer
Once you have chosen all your products, you will need to inform your employer. Once you have signed the written declaration your employer will give you a cheque, voucher, bank transfer, etc., to pay for the bike.
Step 3: Collect Your Bike
Once you have the payment method and list of products ready you can bring them into the store. Once the order is processed you can collect your new bike and safety equipment and start your cycle to work journey.
Bike to Work Quote
Get a quote for your new bike from Hollingsworth Cycles. Simply fill in the information below and we will generate a quote that you can give to your employer.
Bike to Work Frequently Asked Questions
Does my employer have to provide the scheme?
No your employer is not obligated to offer the cycle to work scheme. However, if it is offered to one employee it must be available to all employees.
What equipment is covered by the scheme?
All cycling and safety gear is covered by the scheme this includes the bike itself and any accessories such as helmets, lights, locks, bells, mirrors, cycle clips, panniers, luggage carriers & straps, pumps, puncture repair kits, cycle tool kits, reflectors, and clothing.
How much can I spend on a new bike?
The cycle scheme covers bikes and equipment worth up to €1,250 for a regular bike and up to €1,500 for an electric bike.
How often can I use the scheme?
While your instalments must be paid within 12 months of purchase, you can only purchase a new bike using this scheme once every 5 years.
How are repayments made?
Repayments are deducted by your employer from your gross salary for a period of up to 12 months. These repayments are not liable for Tax, PRSI, or USC.
Can my employer reimburse me for a bike I already purchased?
Unfortunately your employer cannot reimburse you for a bike you have already purchased. The employer must make the payment directly to the bike shop on your behalf.