Unlimited C2W schemes

[theboyfold]

Has anybody had any success getting a bike over £1k on the new unlimited Cycle to Work schemes? My employer is with Bike2Work and they say they should have a license to do this by the end of the month. However, reading around the internet, it seems there is a delay with it due to some ambiguous wording in the agreement.

Has anybody had any success with this new scheme yet?

[ukbabz]

Ours is administered through cycle solutions, and internal have said they're looking into a higher limit. Then again it's a big enough company to have exceeded the original £1k should they have wanted too, so I'm not holding my breath.

Am testing ours in another way at the moment to see if they'll actually process a power meter on the C2W scheme..

[Dan_1981]

Our company won't update their policy until it is reviewed at the annual review.

Grrrrr.

[anonymous-user]

My company say they are going to change the limit in September, when the paperwork is sorted out.
Hopefully not, an inappropriate Electric cargo bike has caught my eye

[ukaskew]

My big employer is with Cyclescheme, they are aware of the change but reviewing everything first, seemed like it would be months rather than weeks so I maxed out the £1k last week!

Speaking to Cyclescheme it's literally just a switch at their end, but I guess most employers have loads of red tape to get through first.

[chunkytfg]

ukaskew said:

My big employer is with Cyclescheme, they are aware of the change but reviewing everything first, seemed like it would be months rather than weeks so I maxed out the £1k last week!

Speaking to Cyclescheme it's literally just a switch at their end, but I guess most employers have loads of red tape to get through first.

My understanding is the 1k limit is to do with your employer needing a credit licence.

[theboyfold]

chunkytfg said:

ukaskew said:

My big employer is with Cyclescheme, they are aware of the change but reviewing everything first, seemed like it would be months rather than weeks so I maxed out the £1k last week!

Speaking to Cyclescheme it's literally just a switch at their end, but I guess most employers have loads of red tape to get through first.

My understanding is the 1k limit is to do with your employer needing a credit licence.

I thought it was to do with the broker, in my case Bike 2 Work, needing the right license. Your employer only needs the license if they run the scheme themselves.

[ukaskew]

theboyfold said:

I thought it was to do with the broker, in my case Bike 2 Work, needing the right license. Your employer only needs the license if they run the scheme themselves.

Yep that sounds about right, the way they (my employer) explained it seemed like purely internal things to iron out between finance, HR and payroll. It takes months for relatively minor things like that to happen at big companies.

[theboyfold]

ukaskew said:

Yep that sounds about right, the way they (my employer) explained it seemed like purely internal things to iron out between finance, HR and payroll. It takes months for relatively minor things like that to happen at big companies.

Everything is OK'd for me, just need the broker to hurry up and get the right license. Have a deposit on a new bike at Evans and they are getting twitchy about holding it for so long...

[louiebaby]

We have always had a £5k limit. (I believe this is because we have are registered with the FCA.)

I recently used the whole £5k, and very slightly topped it up.

It all went pretty smoothly. The new bike is

[ukbabz]

chunkytfg said:

My understanding is the 1k limit is to do with your employer needing a credit licence.

Yeah my employer does have one which makes it all pretty odd!

[chunkytfg]

ukbabz said:

Yeah my employer does have one which makes it all pretty odd!

Same here. I'm hoping the lift the limit soon as i'm after an Orbea Gain for my soon to be longer and lumpier commute

[anonymous-user]

chunkytfg said:

My understanding is the 1k limit is to do with your employer needing a credit licence.

That was the previous interpretation .
However this changed a month or two back:-
https://www.gov.uk/government/news/government-ushe...

[Poppiecock]

My employers stopped C2W as 'not enough people were using it'.

Perhaps if they provided adequate cycle parking it would have helped! - the office is near Westminster, so cycling in makes a lot of sense.

[anonymous-user]

anonymous said:

[redacted]

That’s interesting, thanks. I’d rather buy a quality electric conversion for my Brompton than a new bike, will research if any accept my scheme !