The Cycle to Work program was introduced in 2009 as an incentive to support cycling as a mode of travel to work.
Under this program, an employer can pay for a new bicycle (including bicycle accessories) and the employee then reimburses the cost in regular installments from the gross salary. You are not liable for tax, PRSI or USC on your refunds.
Recent changes to the scheme now allow people to claim up to €1,250 on a normal bike and €1,500 on an e-bike. The waiting time for the scheme has also been reduced, with people only having to wait every four years to benefit from the scheme
Who is the scheme open to?
Any adult who works and contributes to the PRSI can benefit from the scheme. However, please check with your employer if you are eligible for the plan. Employers are not required to offer the scheme and some employers can only run it at certain times of the year
What can I claim?
You can claim €1,250 on a normal bike and €1,500 if it is an electric bike. Accessories may include helmets, clothing, lights, saddlebags, locks, pumps, puncture repair kits, mirrors and mud flaps. Items that cannot be purchased include.
Motorbikes, scooters or mopeds
Used bikes or equipment
Bicycle parts or related equipment
How can I save money?
Your employer will buy the bike for you and you will come to an agreement with them on how you reimburse the money. You’ll save money because your reimbursements will come from your pay before taxes, USC and PRSI
How to benefit from the scheme?
After being notified that you are eligible for the program, the first thing you need to do is go to your local bike shop to pick out your bike. After collecting your bike, a member of our sales team will provide you with a Cycle to Work quote which you will then submit to your HR department. Your employer will then process your application and make payment to the bike shop. Once payment is made, you will receive a notification that your bike is ready for collection
Information provided on Cycle Superstore. See www.cyclesuperstore.ie for more information