My employer has finally decided to introduce this scheme. We're a big College so it's surprising it's taken so long, but anyway, introduced it they have.
Do people still think it's worth doing, over say, an interest-free loan for instance?
My employer puts this small print at the end of the info too. Anyone know what we're talking about in terms of say £1000 bike?
If the College did decide to offer to transfer the ownership to you at the end of the loan period and you decided to accept, you would be liable for NI Contributions on the bike’s ‘fair market value’