To reopen the scheme, please contact the customer service team. They can then get this reopened for you. Additionally, you will need to provide specific configuration details to ensure the process is completed efficiently. Below is a comprehensive guide to help you through the process.
Steps to Relaunch or Reactivate the Scheme
Gather the required configuration details (outlined below).
Provide these details to your SalaryExtras administrator.
Confirm the application window and other settings to ensure they align with your company’s needs.
Configuration Details Required
To successfully relaunch or reactivate the Cycle to Work scheme, you will need to provide the following information:
Payroll Cycle: Specify whether your company operates on a monthly or weekly payroll cycle.
Pay Date: Indicate the specific pay date within the payroll cycle (e.g., the last Wednesday of the month).
Application Window: Define the start and end dates for the application window. Note that the window can remain open for up to three months and can be relaunched at any time.
Maximum Voucher Value: Set a maximum voucher value for the scheme. The minimum value is £100, but you can specify a higher limit based on your company’s preferences.
Settlement Terms for Leavers: Determine the settlement terms for employees who leave the company while participating in the scheme. This can range from 14 to 30 days.
Repayment Term: Choose the repayment term for employees, which can be either 12 or 18 months.
Retailer Options: Decide whether to include only Halfords as the retailer or to allow both Halfords and independent retailers.
Additional Considerations
Ensure that all configuration details are accurate and align with your company’s policies.
The scheme can be relaunched at any time, allowing flexibility in its implementation.