How Taxsaver works?

Employees and directors can receive Annual, Monthly and Part Yearly(Bus Éreann only) commuter tickets Tax and PRSI free as part of their salary package.

Salary sacrifice

Take the cost of your commuter ticket from your gross salary and only your new salary is taxable.

Dublin Bus/Irish Rail

Bus Éireann

Gross salary:     €30,000 Gross salary:     €30,000
Annual Dublin Bus/Irish Rail ticket: €1,420 Annual Bus Éireann Galway City ticket: €676
Taxable salary: €28,580 Taxable salary: €29,324

 

Cash bonus

If you take the commuter ticket in place of a cash bonus you will save on the Tax and PRSI you would normally pay

Dublin Bus/Irish Rail

Bus Éireann

Cash bonus:     €1,500 Cash bonus:   €1,500
Annual Dublin Bus/Irish Rail ticket: €1,420 Annual Bus Éireann Galway City ticket: €676
Taxable bonus: €80 Taxable bonus: €824

 

Example Dublin Bus & Irish Rail taxsaver savings: 


Ticket Type
Cost
Tax rate
PRSI Rate*
Universal Social Charge
Savings
Annual Dublin Bus & Irish Rail Short Hop
€1420
41%
4%
7%
€738.40
Annual Dublin Bus & Irish Rail Short Hop
€1420
20%
4%
7%
€440.20
Monthly Dublin Bus & Irish Rail Short Hop
€142
41%
4%
7%
€73.84
Monthly Dublin Bus & Irish Rail Short Hop
€142
20%
4%
7%
€44.02

 

*PRSI rates will vary depending on your Contribution Class. 

Example Bus Éireann taxsaver savings: 


Ticket Type
Cost
Tax rate
PRSI Rate*
Universal Social Charge
Savings
Annual Bus Éireann Galway City Ticket
€676.00
41%
4%
7%
€351.52
Annual Bus Éireann Galway City Ticket
€676.00
20%
4%
7%
€209.56
Monthly Bus Éireann Galway City Ticket
€61.50
41%
4%
7%
€31.98
Monthly Bus Éireann Galway City Ticket
€61.50
20%
4%
7%
€19.06

 

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