So I'm looking at getting a cx bike on the c2w for winter commuting...my work is in the process of setting up an agreement which means we can exceed the £1k limit. So I'll be looking at around £1.5k.
Now there is a nice calculator on the c2w scheme which works out the monthly costs, but nothing that works out the final payment. The supplier is cyclescheme. I am told by hr it will be tax and NI on 25% of the bikes value. However I've read on forums in some cases you can extend the hire period for 3 years, and then it is reduced to 6%. Is this the case? Is it the choice of your employer or does everyone with cyclescheme get this option?
Confused....if it is the 25% there really isn't much in it with getting a 2013 bike (if I can find my size)