Bike to Work Savings Calculator - Marrey Bikes

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 + 7% USC + 4% PRSI = 31%
Cost of bike / ticket	€500	€750	€1,000	€1,250
Tax Relief Saving %	31%	31%	31%	31%
Tax Relief Saving	€155	€233	€310	€387
Net Cost	€345	€518	€690	€863

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 + 7% USC + 4% PRSI = 52%
Cost of bike / ticket	€500	€750	€1,000	€1,250
Tax Relief Saving %	51%	51%	51%	51%
Tax Relief Saving	€255	€383	€510	€635
Net Cost	€245	€368	€490	€615

For more information check our Bike To Work FAQ section