| Example savings* | ||||
|---|---|---|---|---|
| Higher rate taxpayer: 40% Tax + 7% USC + 4% PRSI = 51% | ||||
| Cost of bike/ticket | €250 | €500 | €750 | €1000 |
| Tax relief saving | 51% | 51% | 51% | 51% |
| Tax relief saving | €128 | €255 | €383 | €510 |
| Net Cost | €123 | €245 | €368 | €490 |
| Standard rate taxpayer: 20% Tax + 7% USC + 4% PRSI = 31% | ||||
| Cost of bike/ticket | €250 | €500 | €750 | €1000 |
| Tax relief saving | 31% | 31% | 31% | 31% |
| Tax relief saving | €78 | €155 | €233 | €310 |
| Net Cost | €173 | €345 | €518 | €690 |
* This example is based on a single person who has not additional tax credits. The savings you will make may vary depending on your tax credits, reliefs, and exemptions; or if you are a public servant. Please check your payslip to see the marginal tax rate at which you are paying PAYE, PRSI and USC. Please note that these figure are an approximation and you should confirm them with your employer.
How much can i save
My annual salary before tax
Product Type
Cost of Bike / Ticket
Amount eligible for tax relief:
You will save:
This example is based on a single person who has no additional tax credits. The savings you will make may vary depending on your tax credits, reliefs, and exemptions; or if you are a public servant. Please check your payslip to see the marginal tax rate at which you are paying PAYE, PRSI and USC. Please note that these figure are an approximation and you should confirm them with your employer
Once payment is received by TravelHub we will email you a voucher code with which you can collect your bike. For tickets orders which have been processed we'll email instructions towards the end of the month.