The ticket also works evenings and weekends. Ask HR: your employer saves on PRSI too.
Quick facts
- You save
- 27.2% to 52.2%
- Employer saves
- Up to 11.25% PRSI
- Covers
- Bus, rail, Luas
- Who applies
- Your employer only
- Contract
- Usually 12 months
- Personal use
- Allowed
How it saves you money
"Taxsaver tickets are not subject to tax, PRSI or USC." "Employees can save between 27.2% and 52.2% of travel costs due to income tax, PRSI and USC savings."
Citizens Information's example: "If the annual cost of a bus and rail ticket is €1,800 and an employee earns €30,000 per year:" "So, their salary is reduced by €1,800 a year, or €34.62 per week, to cover the cost of the annual ticket (€1,800 divided by 52 weeks)." Tax is then charged on €28,200.
The rules
"Employees cannot apply for the scheme or buy the ticket themselves." "A signed Taxsaver contract usually lasts for 12 months." "Tickets are strictly non-transferable and cannot be exchanged for cash benefits."
"Tickets can also be used for personal travel outside of office hours." Monthly tickets can be bought up to 2 weeks ahead; annual tickets start on the first of any month.
For employers
"Employers can avail of tax relief in the form of PRSI savings of up to 11.25%." Register with the transport provider, sign contracts with staff, and order through your company administrator. It can replace a cash bonus or be a benefit-in-kind.
Common questions
How much do you save with TaxSaver?
Between 27.2% and 52.2% of the ticket cost, through income tax, PRSI and USC savings.
Can I buy a TaxSaver ticket myself?
No. Your employer must register and buy it for you.
Can I use a TaxSaver ticket at weekends?
Yes. Tickets can be used for personal travel outside office hours.
How long is a TaxSaver contract?
Usually 12 months.