-
Are people really signing up explicitly to pay a disposal fee on the assumption that it will not be applied?
My employer outsources it now too, to a company called Wider Wallet which I find ironic as it seems like they are out to open your wallet wide and help themselves.
I did take a £400 voucher (for cranks and a truing stand) before it was through Wider Wallet and I didn't have to pay the disposal fee but there's noway I'm signing up to it again on an assumption.
The wording from Wider Wallet is so fucking vague, it's something along the lines of "After your hire period your employer may allow you to keep the equipment and if they do there may be a disposal fee to pay which will be calculated blah blah blah". I don't know why anyone would sign up to something so vague (well actually I do, most of my colleagues are the kind of total morons that need to concentrate to read Daily Mail articles so no fucking surprise they haven't read the Ts and Cs).
You are reading a single comment by @M_V and its replies.
Click here to read the full conversation.
M_V
The way I work it out C2W is actually more expensive than buying the bike normally.
So I've got 2 questions (Ignoring the fact that my NHS Trust employer have said they wont raise the £1000 limit so I can't get the bike I want anyway) :
My NHS Trust has outsourced C2W operation to a company, Vivup, who's terms make it clear that a disposal fee of 10% + VAT will be applied. No mention is made of the 5 year extension everyone cites. Are people really signing up explicitly to pay a disposal fee on the assumption that it will not be applied?
Have any NHS workers looked at the pension impact? Assuming I retire at 70, I estimate this will cause a ~ £75 drop in my annual pension. (1/54 of £1000 with 3.5% re-valuation for 40 years, I'm 30).
In which case, a £1000 bike only represents a ~£200 saving (low rate tax payer and 12% fee), and will cost me ~£75 a year in retirement till I die.