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Cyclescheme in Ireland

The Cycle to Work initiative gives you the opportunity to sacrifice part of your salary in return for a bicycle and/or selected safety equipment, which should be used primarily for part or all journeys to/from work and/or between work locations.  The purpose of the scheme is to encourage more employees to cycle to and from work, or between work places, thereby contributing to lowering carbon emissions, reducing traffic congestion and improving health and fitness levels.

Cyclescheme.ie

The Cycle to Work initiative gives you the opportunity to sacrifice part of your salary in return for a bicycle and/or selected safety equipment, which should be used primarily for part or all journeys to/from work and/or between work locations.  The purpose of the scheme is to encourage more employees to cycle to and from work, or between work places, thereby contributing to lowering carbon emissions, reducing traffic congestion and improving health and fitness levels.

You can either get a pedal bike and accessories up to the value of €1,250 or an e-bike and accessories up to the value of €1,500. Under the scheme you don’t pay Income Tax, PRSI or Universal Social Charge on the price of the bicycle and/or safety equipment so you can save up to 52% on the retail price (depending on your marginal tax rate). You can work out your tax calculation and budget here - https://www.cyclescheme.ie/calculator

IMPORTANT: You are only eligible to apply for the Cycle to Work scheme once every 4 years. You can find out what isn't allowed through the scheme by visiting this Cyclescheme.ie website

How it works

Cyclescheme Ireland administers the scheme on behalf of the Open University so all you have to do is place your application by following these steps:

  1. Visit your local Independent Cyclescheme Partner Store to choose your bike and/or safety equipment, check the full retailer list
  2. Obtain a written quote from your chosen retailer for both your bicycle and/or safety equipment,
  3. Request your secure certificate online here 
  4. Follow the steps and sign your online Salary Sacrifice Agreement.
  5. You will receive an email confirming we have received your application.
  6. Once your application is approved and administration is complete, Cyclescheme will send your secure certificate directly to your home address – you can track the status of your application at any time.
  7. Take your certificate to the bike shop to redeem the voucher.
  8. Your salary sacrifice deductions will commence from the voucher being issued

For more information on how it works, visit https://www.cyclescheme.ie/get-a-bike or visit the Employee FAQs

If you have any queries whatsoever please do not hesitate to contact Cyclescheme via email at info@cyclescheme.ie or alternatively call the helpdesk on 01 293 6200 (Monday to Friday 09:00-17:00)