Once your rental period is over, we will contact you to discuss your options. These include the possibility of extending the rental of the cycle at no additional cost until HMRC considers the value to be negligible. This is usually 4 or 5 years, and once this agreement is reached, you will be the rightful owner! 3. Extend your lease to 36 months for a single small refundable down payment (3% or 7%). During the Halfords appointment, Halfords and the employer agreed on each voting period during which workers are able to integrate into the system. If the employer wishes to conduct more legislatures per year, this can be agreed from time to time with Halfords. The Cycle2Work (“Scheme”) system is managed by Halfords to allow the employer to offer bicycles and bicycle safety equipment (“products”) to its employees as part of its Worker Assistance Program. Halfords provides the employer with relocation products to its employees or to all employees in the employer group. During your renewed lease, you do not make other monthly payments. At the end of the 36 months, you can choose to either return your bike to your work cycle provider (and your deposit will be refunded) or take over the bike. No further payment is required. You can sign up for stock warnings for many models on www.halfords.com. To see these models, please click here.
We also have daily bike deliveries, which are immediately uploaded to the site, so please continue to check www.halfords.com. These terms and conditions (as well as the application form) define the entire agreement and understanding of the parties as to their purpose and replace all previous agreements, agreements or agreements, written or written relating to the system. To maintain the tax-free work cycle system, there is no guarantee that your employer will entrust the property to you at the end of the rental period. This is usually what happens, but just make sure you check first with your schematic provider. If you leave your employment contract during your lease, the remaining balance will be refunded from your final net salary. Unfortunately, you do not benefit from tax and social savings. We fully understand that life can be unpredictable.