Limits Increased for the Cycle to Work Scheme

The Cycle to Work Scheme is designed to encourage employees to cycle to work while saving on the cost of a new bike and safety equipment. The cost of the bicycle and equipment is not treated as a taxable benefit-in-kind (BIK), meaning you can make real savings.

Allowable Limits

The maximum spend depends on the type of bicycle purchased:

• €3,000 for cargo and e-cargo bikes
• €1,500 for pedelecs and e-bikes
• €1,250 for standard bicycles

These limits include approved safety equipment.

Covered Safety Equipment

When purchased with your bicycle, the following are included under the scheme:

• Cycle helmets
• Bells and horns
• Front and rear lights (including dynamo packs)
• Mirrors and mudguards
• Cycle clips and dress guards
• Panniers, carriers and straps
• Locks and chains
• Pumps, puncture repair kits, tool kits and tyre sealant
• Reflective clothing, front reflectors and spoke reflectors

What’s Not Covered

The scheme does not apply to:

• Motorbikes, scooters or mopeds
• Second-hand bicycles or equipment
• Bicycle parts or accessories purchased separately

Frequency of Use

The scheme can be used once every 4 years (or once every 5 years if the last purchase was made before 1 August 2020).

The year the bicycle is purchased counts as the first year of the cycle.