Calculate your savings under Ireland’s Cycle to Work Scheme.
Your Savings
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Disclaimer: Bike to Work Scheme Calculator is designed with the latest information which is provided on the internet. Make sure to input data correctly to get an accurate estimated results.
What Is Cycle to Work Scheme?
Bike to Work Scheme is a Government launched project in which employees will buy a bike along with safety equipment as a tax free benefit. In 2025, the Irish community is becoming more cost effective, greenery and starter with the help of this scheme.
You can choose from E-Bikes, standard bikes, or cargo bikes, along with accessories such as locks. The cost will be deducted from your gross salary over one year. These all happened with the help of Revenue (Ireland) and some approved shops.
Savings depend on your tax bracket:
| Bike Cost | 20% Tax Rate | 40% Tax Rate |
|---|---|---|
| €1,000 | Save ~€420 | Save ~€520 |
| €1,500 (E-Bike) | Save ~€630 | Save ~€780 |
| €3,000 (Cargo Bike) | Save ~€1,260 | Save ~€1,560 |
How Does the Bike to Work Scheme Work?
The process is so simple we will guide you below how this scheme will work and how you can get benefits from it. It help you to reduce income tax, PRSI (Pay Related Social Insurance), and also USC (Universal Social Charge).
- First join the Bike to Work Scheme and your company buys a bike for you.
- You pay it back from your salary every week or month.
- There is no tax on it so you can save 52% on bike cost along with other accessories.
- Bike will use only for work purposes.
- The scheme only work once in 4 years.
- If the cost of bike cross the limit then you need to pay the extra amount.
- The whole payment will paid in 12 months.
How to use this calculator?
Using our Cycle to Work Scheme calculator is easy if you know some of the details and just follow these below steps:
- Write the annual salary before the gross tax.
- Choose the bike type either it is standard, electric or cargo Bike.
- Add the full price of the bike and any accessories like helmet, lock, and Jacket.
- Click on calculate savings button.
Make sure to enter all the details correctly because the calculations depend on it. Bike to Work Scheme Calculator give you estimated Income Tax Savings, PRSI and USC relief, Net amount you pay, Monthly gross deduction and Total tax savings.
Benefits of the Scheme
By using this scheme you can save from many of the taxes. You can use cycle on the daily basis which improve your fitness and health. The scheme is available to all people like in the sectors of HSE (Health Service Executive), The Department of Education, Local authorities and Private companies.
Under this scheme some of items are eligible which you can buy like Reflective clothing, Bike locks, and luggage carriers. There is no upfront cost and paid in easy installments. Employees in the public sector like teachers, nurses, and civil servants are also eligible. In the UK, the NHS Bike to Work Scheme operates similarly but it’s different from the Irish version.
This scheme only covers the cost of accessories and bike other vehicle fees like road tax and VRT (Vehicle Registration Tax). If you want to get the owner ship then you need to also this tax.
About this calculator
This tool is designed using the official Bike to Work Scheme calculation formula. With the user friendly design and interface anyone can use this tool without any financial knowledge. If we do manual calculations it takes a lot of time and also the calculations are not accurate most of the time.
Using an online tool will save most of your time and also give you an accurate estimate in seconds. We don’t need you to register or login here, the tool is free to use for everyone. We designed it mobile friendly so anyone can use it any device.