Amendments to the Cycle to Work Scheme have been introduced for 2020.

The scheme currently allows for a bicycle and associated safety equipment to the value of a €1,000 to be acquired by an employee every 5 years. This limit will increase from €1,000 to €1,250 in respect of bicycles and to €1,500 in respect of an electric bike. Employees will be able to acquire a new bike once every 4 years (currently every 5 years).