You are reading a single comment by @Bad_Matt and its replies.
Click here to read the full conversation.
London Fixed Gear and Single-Speed is a community of predominantly fixed gear and single-speed cyclists in and around London, UK.
This site is supported almost exclusively by donations. Please consider donating a small amount regularly.
@Bad_Matt
Also as far as I am aware, the whole 'renting' thing is a tax loophole so its not classified as a hired purchase agreement. Just a quick point as this guy sounds like a piece of work. The buying part at the end of the scheme should be 5% of the bikes cost - make sure he doesnt try to stiff you.
My final point is that you pay for this off of your base salary (i.e. before tax gets taken off) - doesnt this mean that your overall base salary decreases and therefore so does the NI contributions that your company has to make also decreases? So in the long term it could save them money - this may be complete bullshit but its just a thought