cycle-to-work-scheme

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
Stay Informed
For regular tips, tricks and payroll updates, enter your email on our site, OR search Jefferson Payroll on LinkedIn, Twitter, Facebook or Instagram.

All the best,

The Team at Jefferson