Amendments to the Cycle To Work Scheme (Bike to Work)

Revenue recently provided an update to the Cycle to Work scheme summarised as follows:

• Applies to pedal cycles, tricycles and pedelecs
• Bike to Work scheme exemption limit increased from €1000 to €1250 for bicycles 
• Up to €1500 for electric bikes (pedelecs)
• Bicycle Safety Equipment can be still included 
• Avail of once in every FOUR years (previously FIVE years)*

*If an individual availed of the scheme within the four-year period prior to 1 August 2020, he or she cannot immediately avail of the uplift in the scheme limits. The individual will be able to avail of the increased limits once the four-year period has expired. 

Please read the Revenue PDF for (Source: Revenue)

• what qualifies as a bike
• four/five year exemption examples
• a list of allowed safety equipment
• qualifying journeys
• salary sacrifice arrangement

All the best,

The Team at Jefferson