Top Tax-Free Investments

06 September 2011 - Which Way to Pay

Email Article Print Article

Top Tax-Free Investments

There's not much you can get tax free these days, but there are still ways to save some precious euro before the new, tougher Budget is announced at the end of this year. Despite there being little opportunity to purchase or invest in tax-free commodities there are a few that savvy financiers can still get their hands on...

Gift voucher

Your employer can give you a gift voucher up to the value of 250 and this gift is not subject to income tax, the income levy, health levy or PRSI (pay related social insurance) ask for one as a Christmas bonus!

Forestry investment

Money may not grow on trees, but if you make money out of an approved forestry investment you will not have to pay any tax on it. Returns from investing in forestry are tax free up to 125,000, and forestry investment is less volatile than stockmarket returns.

Tax-free bike

You can buy a swish new bicycle and safety equipment worth up to 1,000 tax-free through a scheme introduced two years ago. The funding of the bicycle can be organised in one of two ways: The employer can buy the bicycle as a company benefit for the employee, or the employee pays for the bicycle by paying it off in installments from his or her salary. But either way, the bicycle must be purchased by the employer. If employers pay for the bicycle, they can claim it as a tax exempt benefit-in-kind. If the employee pays for it through a salary sacrifice there will be savings on tax and PRSI.

Travel tax free

Public transport tickets are one of those items you can get without a cent going to the taxman. The tax-free travel scheme involves employers providing employees with bus and rail commuter tickets. The employer saves on PRSI, while employees save on tax and PRSI payments.


Perhaps the biggest tax break available to the PAYE worker is the tax relief for investing in a pension.

Also look into tax-free savings accounts!



Compare Foreign Exchange and Currency >>

Compare Loan and Debt Products >>

Compare Cards Products >>

Compare Money Products >>

Compare Insurance Products >>

Everyone in this day in Age has some kind of gadget. lets hope its insured. gadget Insurance
23 August 2018
Which Way To Pay
Making sure our loved Gadgets are covered by gadget Insurance is a must.
As we all know our health is one of the most important things in life . So we need to make sure we are fully covered with the correct Health Insurance.
30 August 2016
Which Way To Pay
Health Insurance is a very important thing that everybody should think about , this also means taking the correct cover for your personal requirements.
When it comes to being strapped for cash , and you need a quick cash flow . Owning your own car maybe the answer. Log Book Loans Are now very popular to help out in this situation.
08 August 2015
Which Way To Pay
Lending money can sometimes prove to be a difficult thing . Log Book loans have been introduced to help this .