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Waterford to Dublin taxsaver ticket

  • 05-08-2011 1:12pm
    #1
    buzz55
    Registered Users, Registered Users 2 Posts: 554 ✭✭✭


    Hi,

    Newbie at work planning to commute from Waterford to Dublin each day by train.
    I looked up the taxsaver site, logged in as employer as I am in charge of this.

    Seems to be a huge discrepancy between a monthly (€575) ticket and an annual (€3,500) - can anyone explain why?

    Usually the payroll department just divide the cost of an annual ticket by 12 & deduct this figure from gross salary. But surely it would make a big difference to a person's take home pay if they were down 575 per month versus 292 per month?

    Am I missing something here?


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