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How does the tax saver ticket save me money?

  • 14-01-2023 10:57pm
    #1
    antimatterx
    Registered Users, Registered Users 2 Posts: 3,007 ✭✭✭


    I'm trying to figure out how the tax saver ticket saves me money.

    The Annual Dart / Luas is €1150. I currently take the dart 5 days a week. It costs me €4 a day. If I used it every week (not including holidays) it would bring me up to €1040.

    The website claims it will save me €500 a year, but I'm not sure how?

    https://www.taxsaver.ie/Ticket-Types/Annual-Tickets/Annual-DARTCommuter-Rail-Only/



Comments

  • #2
    G_R
    Moderators, Education Moderators Posts: 5,028 Mod ✭✭✭✭G_R


    It's paid for from your pre-tax salary, so it reduces the amount of tax you pay. If you're earning more than 40k, then you would be saving up to 50% between tax, USC and PRSI (will depend on your circumstances for the exact amount).



  • #3
    Poxyshamrock
    Registered Users, Registered Users 2 Posts: 4,861 ✭✭✭Poxyshamrock


    €1,150 is the pre-tax price. If you pay tax at 20% you’ll pay €828.00 or at 40% you’d pay €598.00.



  • #4
    SuperBowserWorld
    Registered Users, Registered Users 2 Posts: 7,418 ✭✭✭SuperBowserWorld


    Also, don't forget public transport in Dublin at least was reduced a lot recently, so it used to be even better value.



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