AITI Chartered Tax Adviser

Tax-free benefits.

Subsidised gym
This is a non-cash benefit. You are taxed if you do not make good the cost to your employer.

Subsidised crèche
This is exempt from BIK provided the crèche is funded and managed by your employer and complies with child care legislation. The exemption does not apply if your employer simply subsidises your costs of using an independent crèche.

Subsidised bus/train ticket
The cost of a monthly or annual bus or train pass issued by Córas Iompair Éireann, or any of its subsidiaries, is exempt from BIK.

You are not caught for BIK if your employer provides you with a bicycle and associated safety equipment (costing up to €1,000) for travel to and from work.

Training courses
Work-related training courses are not liable to BIK.

Employer pays health insurance
This is taxed as a BIK, but you can get a deduction, at the standard rate, in respect of the health insurance premium paid in the previous tax year.

Employer contributions to employee’s pension scheme
Contributions made by your employer to your pension scheme are not liable to benefit in kind.