Paying for an annual ticket monthly

[zag]

I got this from the ticketing pages of the main Platform11 website - "Through the Easi Travel Plan you can pay for an annual ticket by a direct monthly deduction from your salary which receives tax relief at up to 41% at source, all of a sudden what was good value is now excellent."

Can anyone confirm whether this is an official scheme or not ? I haven't been able to track details down and when our payroll people were asked they indicated that this might be seen as an interest free loan by the Revenue since you are getting €800-odd worth of ticket at the start of the year and only paying for it bit by bit as the year goes on.

They already handle my annual ticket through the payroll and I get tax relief on it, but it would be nice if I didn't have to shell out for an entire years transport from one months salary. I think the payroll people were just saving themselves the hassle to be honest, and that I should be able to pay monthly.

Does anyone have details of the arrangement by which you can pay monthly - is it an approved Revenue arrangement ?

Thanks,

z