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    Bike to Work - Savings Calculator

    Discounts available These are subject to Terms and Conditions



    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 (40%):

    Basic Rate Taxpayer : 20% Tax + USC + PRSI = 28.5%
    Cost of bike / ticket€1000€1,250€1,500€3,000
    Tax Relief Saving %28.5%28.5%28.5%28.5%
    Tax Relief Saving€285€356.25€427.50€855
    Net Cost€715€893.75€1072.50€2145

     

    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 (40%):

    Higher Rate Taxpayer : 40% Tax + USC + PRSI = 52%
    Cost of bike / ticket€1000€1,250€1,500€3,000
    Tax Relief Saving %52%52%52%52%
    Tax Relief Saving€520€650€780€1575
    Net Cost€480€600€720€1425

     

     

    For more information check our Bike To Work FAQ section