Cycle to work scheme

[bicycleshorts]

Has anyone implemented this for their company?

As we are a SME, the bosses are against having a scheme where we would need to keep #employees * £1000 aside for people to sign up.

Does the scheme have to be made available for everyone in the company? Or could we limit it to X employees per year?

[bicycleshorts]

Thanks, I thought we would be able to apply our own implementation.

[bicycleshorts]

Have been reading into self Admin. It does look preferable, however, I'm not clear what happens after the 12 month hire from company period?

The schemes allow the employee to offset the depreciation and pay 7% at the end rather than 25% for the bike. How does that work when self administrating?

[bicycleshorts]

Magic919 said:

944fan said:

You don't have to offer it to everyone.

This seems to say otherwise. https://www.gov.uk/government/uploads/system/uploa...

For reference, are you looking at this:

documentation said:

1) Who is eligible?
...
To qualify for the tax exemption, the cycles and cyclists' safety equipment loaned by the employer under the scheme must be available to employees generally with no groups of employees excluded.