Try our BIK online calculator to see how much you can save on
"Benefit-in-Kind" by choosing to drive an electric car.
Choose a Hyundai electric car to compare
IONIQ Electric
KONA Electric
KONA EV Premium
Fill in the boxes below to find out how much you can save on your
company electric car
?
52%
€xxx
€xxx
?
?
**These values are to be used for illustrative purposes only. They
are based off a full year's salary / credits, and a singularly
assessed individual under the age of 70 on a standard BIK scheme.
It is recommended that you seek independent tax advice from your
accountant / tax adviser.
Select car
Price
€xxx
Total Tax Saving Employer & Employee
€xxx
Equivalent Payrise
€xxx
Calculator Taxation Rate
Depending on your circumstances, your income is taxed at a
standard or reduced rate. The taxation rate comprises of USC of
between 0% - 8% and PAYE of 20% or 40%, plus PRSI of 4%. For
example, a taxation rate of 28.5% comprises of USC of 4.5%, PAYE
of 20% and PRSI of 4%. A taxation rate of 52% comprises of USC of
8%, PAYE of 40% and PRSI of 4%.