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    Bike to Work - Savings Calculator



    Example Savings

    Actual savings will depend on each individuals personal circumstances.
    Here is a typical example of savings possible as both a Basic rate taxpayer (20%) and a Higher rate taxpayer (41%):

    Basic Rate Taxpayer : 20% Tax + 4% PRSI + 7% USC = 31%
    Bicycle & Accessory Purchase€250€500€750€1,000
    Tax Relief Saving %31%31%31%31%
    Tax Relief Saving€77€155€232€310
    Net Cost€173€345€518€690
    Cost split over 12 months€14€28€43€57

     

    Example Savings

    Actual savings will depend on each individuals personal circumstances.
    Here is a typical example of savings possible as both a Basic rate taxpayer (20%) and a Higher rate taxpayer (41%):

    Higher Rate Taxpayer : 41% Tax + 4% PRSI + 7% USC = 52%
    Bicycle & Accessory Purchase€250€500€750€1,000
    Tax Relief Saving %52%52%52%52%
    Tax Relief Saving€130€260€390€520
    Net Cost€120€240€360€480
    Cost split over 12 months€10€20€30€40