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
KONA EV Premium
Fill in the boxes below to find out how much you can save on your company electric car
**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.
Total Tax Saving Employer & Employee
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%.