vickster
Legendary Member
As mentioned, he'll likely have the remaining amount deducted from final net salary...as described belowYes, but depending on the agreement, they might be able to demand the rest of the payment rather than the bike.
What happens if I leave employment?
If you leave employment or are made redundant during the hire period any outstanding Salary Sacrifice repayments will be taken from your final salary, from net rather than gross pay i.e. without any further tax exemptions.
For example, if you are on a 12 month scheme, and have had 4 Salary Sacrifice repayments taken from gross salary prior to leaving employment, the remaining 8 should be taken from your final net salary.
Also similar story here http://blog.bike2workscheme.co.uk/what-happens-if-an-employee-needs-to-leave-a-cycle-to-work-scheme
Or
https://www.cyclesolutions.co.uk/faq
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