Bike to Work

Employees choose a new e-bike and receive an invoice by Green Bikes.
Employees give the invoice to the employer and ask them to arrange payment.
Once payment is received from the employer, the employee can collect the new e-bike.
The employer will deduct the net cost from the gross wage over an agreed period of time⁠.

The employer can contribute €1,500 towards the new e-bike – or €3,000 towards a cargo e-bike (e.g. Italwin e-Rider)
Employees can save up to 52% depending on their tax rate. Employers are guaranteed tax benefits such as PRSI savings.
The scheme aims to reduce traffic congestion and air pollution while promoting a healthy lifestyle.
Green Bikes are a government registered supplier, partner retailer with Cyclescheme – Bike To Work Ltd – Travel Hub .

The Cycle to Work Scheme (known also as Bike to Work Scheme) is a tax incentive scheme to encourage employees to cycle to work.
Employers pay for a new e-bike (including accessories) and the employee then repays the cost in regular instalments from their gross salary.
Employees are not liable for tax, PRSI or the Universal Social Charge on repayments.
Self-employed are not entitled to avail of the Cycle to Work Scheme unless pay PRSI as an employee in addition to self-employed work.
Employees can save on the costs of cycling to work because repayments come out of the salary before tax, USC and PRSI are deducted.
The amount to save will depend on the rate of Income Tax, deducted from the payslip.
e.g. On purchasing an e-bike for €1200, you will save €594 off this price if on the 40% tax rate.
If have €606 deducted from your take home pay by your employer to pay for the e-bike.
If on the 20% tax rate, you save €353 and have €846 deducted from you take home pay by your employer to pay for the e-bike.
Your employer may take this deduction from your payslip, in a lump sum, over a few months, or over a 12-month period.
How much can I save? Try with the calculator!