Did you know commuters can reduce the cost of bus travel by up to 51% with Bus Eireann Employer Pass Tickets while employers can save up to 10.75% in PRSI?
This taxsaver scheme has proved to be a huge success with over 2,500 companies now purchasing monthly, part yearly and annual tickets for their employees.
How Taxsaver works
There are several ways employers can assist employees in receiving a taxsaver ticket:
Salary sacrifice: deduct the cost of the ticket from their gross salary.
In place of a cash bonus: deduct the cost of the ticket from their bonus.
Addition to salary: provide the ticket as an addition to their current salary.
Registering for taxsaver can be done online at www.taxsaver.ie.
The employer will need to purchase the taxsaver tickets from Bus Eireann. Bus Eireann will then send the taxsaver ticket directly to the workplace. These tickets will entitle the employee to unlimited point to point travel.
A saving of between 31% and 52% can be made on the cost of the ticket. The level of savings is dependent on an individual’s tax status.
If you opt to purchase an annual/yearly ticket you will receive an additional saving of four weeks free travel on your Bus Eireann ticket.
Visit www.taxsaver.ie for more information or contact the Bus Eireann Taxsaver Helpline on (01) 7033435.