Bike to Work Scheme value

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  • Bike to Work Scheme value
  • druidh
    Member

    It’s likely that a few of you will be thinking about the whole Bike to Work thing again. And I know that many are worried about the end-of-lease payment as it’s seldom quantified at lease start. I’ve just received a letter from my employer asking me to settle up or donate the bike to charity. They want £20…..

    Surfr
    Member

    I thought the final payment was akin to a 13th month. i.e. no more than 50 quid (for a 1000 quid bike over 12 months).

    Premier Icon miketually
    Subscriber

    The Tax Man considers 5% of the initial cost to be a “fair market value”.

    druidh
    Member

    Mine was a £1,000 bike (Focus Cayo) – over 12 months.

    Premier Icon chakaping
    Subscriber

    I paid £50 for a £1000 bike, if that helps anyone.

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