Employers - End of scheme process

The tax benefits available through the Government’s Cycle to Work Scheme are provided on the basis that employees are hiring the equipment from their employer and making tax savings by paying the cost out of their gross pay, via salary sacrifice.

With Evans Cycles Ride-to-Work, employees will have already signed into the hire agreement with us from day one, so there’s nothing they will need to do, except to see out the hire term with no further charges or deposits. When the Fair Market Value of the goods becomes negligible, we’ll transfer ownership to the employee for free.

Employees will be offered the opportunity to buy the goods early or return the bike, if they wish.

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