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Travel hub and taxsaver

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  • 30-03-2015 6:26pm
    #1
    Mutant
    Registered Users Posts: 180 ✭✭


    Hello im working with a company that use travel hub. On this i can get a yearly ticket payed over 6 months. I just dont understand how the savings are applied to me.

    The annual bus ticket costs is 2575 and travelhub is asking 429.16 per month for six months. This ends up costing the same whether i go with travel hub or go straight to the bus service.

    Can anyone tell me if id actually save anything with travel hub and if so how much.
    Regards
    Alan Fletcher
    Tagged:


Comments

  • Options
    #2
    L1011
    Moderators, Business & Finance Moderators, Motoring & Transport Moderators, Society & Culture Moderators Posts: 67,624 Mod ✭✭✭✭L1011


    The money is taken from your payroll pre-tax. This is where the saving comes from.


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    #3
    LXFlyer
    Registered Users Posts: 17,542 ✭✭✭✭LXFlyer


    Your PAYE Tax, PRSI and USC will all reduce, as your gross salary is reduced by the cost of the ticket.


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