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@lardboy
There's nothing in the rules that states what your monthly payments should be, so the payments can be amended to take the new final payments into account. Of course, Cyclesheme et al benefit from the new schemes, so haven;t done it, but if you are running it yourselves, then change it as below:
Based on £1000 voucher and 17.5% VAT:
Old scenario:
Cost to company = £851.06 after VAT; 12 months rental of £70.92 as salary sacrifice plus 5% transfer fee = £50 (less VAT = £42.55) at the end to transfer. Money back to company = £893.59 total.
New scenario
Cost to company = £851.06 after VAT; now 12 months rental of £56.74 as salary sacrifice under new scheme plus £250 (less VAT = £212.77) at the end to transfer. Income to company = £893.65.
Same savings, but no Benefit in Kind problems.
Getting your HR people to do this is a complete pain in the arse, as they generally don't give a fuck, but if you have one who understands, then they should see the benefit to the employee.