Official Supplier to the Cycle to Work Scheme
Buy a bike through the cycle-to-work scheme and pay for it over time, tax-free!
The scheme allows you to spend up to €1500 on your e-bike, which is then exempt from tax.
About the scheme
The cycle-to-work scheme has recently been extended to €1500 to allow for e-bikes. Your employer will buy the bicycle for you, and you may make a “salary sacrifice” over a set period of time (usually around 12 months). The scheme means that some employees can save up to €765 in tax. Your employer isn’t obliged to take part in the scheme although most will. For full details of the scheme click here.
Below we have given examples of the savings that can be made with the Cycle-to-Work scheme. For more information contact our team.
Cycle to Work E-Bike Example 1
E-bike Model: Gepida Alboin
Value: €2,649
You Pay Upfront: €1,149
Weekly Cost for 1 Year (Assuming 50% tax rate): €18.75
Net Cost After Tax Savings: €1,899
You Save: €750
Cycle to Work E-Bike Example 2
E-bike Model: Da Vinci Rear Hub Drive
Value: €1,699
You Pay Upfront: €199
Weekly Cost for 1 Year (Assuming 50% tax rate): €18.75
Net Cost After Tax Savings: €949
You Save: €750
The cycle to work scheme covers the cost of e-bikes up to €1,500.
If your e-bike is above this price, you still use the cycle to work scheme, but you will have to pay the excess upfront.
E.g. your chosen e-bike costs €2,500. You pay €1,000 upfront, and €1,500 on the cycle to work scheme. Tax savings are on the €1,500 covered by the scheme.
It costs around €0.35 to fully charge an e-bike battery in Ireland
This will provide a range of around 70 km
Per-kilometre charging cost is around €0.005
Yes, accessories like helmets, locks, and lights are included under the scheme.
Some eligible ebikes (price before savings)
Need trusted ebike advice? Just call +0874522580 or visit us in Carrick, Co Donegal. We look forward to hearing from you!