Cycle to work schemes & leaving work
Cycle to work schemes & leaving work
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Discussion

Fetchez la vache

Original Poster:

5,898 posts

243 months

Tuesday 13th April 2010
quotequote all
What happens if you leave work before paying back the bike costs?
I'm just wondering before I look into the scheme(s). It may be confusing things more (or less) as the company is my own, so I woul;dn't sue myself for the money, but just wondering what i should be on the lookout for.

Final Q - does it have to be a full bike? Got my eye on a build and the bits may be over £1000, though I guess I can add the the total price, but just pay an extra bit outside the scheme
Cheers smile

Bri957

288 posts

252 months

Tuesday 13th April 2010
quotequote all
Will be in the FAQ for your scheme.

I think you have to pay the amount in full before leaving.

Mr E

23,029 posts

288 months

Tuesday 13th April 2010
quotequote all
Bri957 said:
I think you have to pay the amount in full before leaving.
Was my understanding.

louiebaby

10,940 posts

220 months

Tuesday 13th April 2010
quotequote all
My understanding was that you had to pay up for it before leaving, but that it would be "after tax" cash that settled it, not "before tax" cash.

Should say in the T&C though...