Matthews.ie the County Monaghan based award winning coach company has launched its new Matthews Flexi TaxSaver Ticket for commuters. The ticket, which is modelled on a two-day week flexible bus ticket, will now be available in a three month [55 journey], six month [110 journey] and 12 month [220 journey] version.
This will be the first Flexi TaxSaver Ticket available to the Irish commuter. It has been introduced in response to the emergence of remote working as a permanent feature in the Irish workplace. The new tickets assist in maximising the economic, social, and environmental benefits of remote working.
Employers who provide employees with TaxSaver commuter tickets save on employer PRSI payments. Employees benefit from reduced income tax, PRSI and Universal Social Charge (USC) payments. Employees can receive tickets either as part of their salary package (salary sacrifice), in lieu of an annual cash bonus, or as a benefit-in-kind. TaxSaver tickets are not subject to tax, PRSI or USC.
Employees can save up to 52% of travel costs because of tax, PRSI and USC savings by using a TaxSaver ticket.