If an employee leaves an electric vehicle salary sacrifice arrangement, what standard must the vehicle handover meet?
Answer
The handover must align with the original lease return standards regarding mileage and condition, barring fair wear and tear.
When returning a leased vehicle obtained through salary sacrifice, the handover must comply with the original lease return standards concerning mileage limits and the vehicle's condition, accepting fair wear and tear.
Related Questions
What fundamental condition links salary sacrifice schemes to active employment status?If an employee leaves an electric vehicle salary sacrifice arrangement, what standard must the vehicle handover meet?What is the typical required action for an employee who leaves *after* completing the initial 12-month hire period for a cycle scheme?Which option is explicitly mentioned as being rare or requiring specific agreement if an employee resigns *during* the initial 12-month cycle scheme hire period?In cases where an employee received a benefit paid for annually in advance and then leaves mid-year, what might the employer deduct from the final pay?What must an employee check specifically regarding an electric vehicle lease option if they wish to purchase the car upon leaving?What financial implication might an employee face separately from mileage penalties when an EV lease is terminated early?What is a crucial proactive step regarding documentation that should be taken before submitting resignation?When leaving a defined benefit pension scheme funded via salary sacrifice, what is the focus of the transition?According to the text, what is the primary document that dictates financial liability for early termination in a cycle scheme?