Example: An employer purchases an annual ticket for an employee worth €2,650 as part of their salary package. That portion of the employee’s salary package is not subject to tax or PRSI or the Universal Social Charge, saving the employee up to 52% on the price of the ticket. That is a saving of up to €1,378. In addition, the employer does not have to pay PRSI on that portion of the employee’s salary.
Advantages of the Scheme
To avail of the scheme, please check with your employer to confirm their participation in the scheme. After that, it’s as simple as 1. Ordering a Personalised Leap Card on www.leapcard.ie 2. Filling out your details on our application form and emailing to us at email@example.com Once the application has been received by us, we will issue your employer with an invoice and load your TaxSaver ticket option on to your Personalised leap card. Renewals are as simple as emailing your request for renewal to firstname.lastname@example.org and we will renew it for you without any paperwork.