Cycle to Work Scheme & Working From Home

[Ming the Merciless]

Though I think they still have the old limit of £1000 in place.

That never was a limit of the cycle to work scheme. Just a credit limit imposed by individual companies. Companies could, did and do offer higher limits

 

[wiggydiggy]

That never was a limit of the cycle to work scheme. Just a credit limit imposed by individual companies. Companies could, did and do offer higher limits

Mine changed to £3k just after I started to work from home

 

[Alex321]

That never was a limit of the cycle to work scheme. Just a credit limit imposed by individual companies. Companies could, did and do offer higher limits

Having looked at the government site linked to above, I now realise that many companies (including mine) impose the £1000 limit because it is the most they can do without FCA authorisation.

I had thought (wrongly) it was actually a limit imposed on the schemes at one time.

 

[MontyVeda]

... I never realised other employers had the restrictions people have mentioned

Maybe years ago, a colleague was talking with the boss about the C2W scheme. Employee was saying how great it is and the boss was quite interested too and allowed the employee to sign the company up for the scheme... Then the boss realised that he'd have to pay for the bike(s) upfront and the employees would repay him bit by bit. "F*ck that!" was his final word on the matter.

 

[Dadam]

Maybe years ago, a colleague was talking with the boss about the C2W scheme. Employee was saying how great it is and the boss was quite interested too and allowed the employee to sign the company up for the scheme... Then the boss realised that he'd have to pay for the bike(s) upfront and the employees would repay him bit by bit. "F*ck that!" was his final word on the matter.

Depends on the scheme. With some the scheme retains ownership of the bike and the employer leases it from the scheme, and obviously then charges the employee through payroll.