cycle to work scheme?

[daj]

The mrs has suggested getting a bike through the scheme that we could both use basically a bike she can jump if she wants too, anyone used the scheme? is it a winner or a small print con? i kind of find the end payment bit of a grey area? :?

Any experence appreciated

cheers

daj

 

[Andy B]

Final payment has been clarified by HMRC

If you want to maximise your savings then you transfer ownership after your hire period is up to the Cyclescheme

 

[Tad]

After 6 years HMRC write it off as worthless so nothing to pay to transfer ownership