What happens if I leave employment during the funding plan?

Because the employer transfers ownership of the goods to you there is no debt; therefore, if the you are removed from employment (by your employer) before all payments have been made, the employer has no statutory or contractual right to recover the outstanding payments.

However, if you resign, you are no longer providing work to the employer at the agreed reduced salary (i.e. with the deductions in place as per the funding plan) which causes the employer damage (up to a maximum of the total of the outstanding payments) and the employer can reasonably argue that it can withhold that amount from employee’s final pay.