Season ticket refund advice please

Edwardia

I did a forum search and it didn't show this topic, apologies if this has been asked before.

IF my husband gets the job he is shortlisted for, he won't be commuting to London.

Just in case.. what happens with the season ticket in his name paid for by his employers and with the dosh taken by them per calendar month ??

I looked at the Season Ticket Guide on the Southeastern website
http://www.southeasternrailway.co.uk/tickets-and-fares/season-tickets/

I see that he has to have 3 months left and pay £10 but what I'm not clear on is whether they refund only whole months or will there be a shortfall he has to make up to employer if he gives 8 weeks notice and it's in the middle of a month/week ?

Also, can he get the refund back as a cheque to his employer ?

Or can he get them to deal with it since the cheque was from them ?

Anyone done this please ?

Thanks !

wealdroam

Have a look at the Terms and Conditions for Season Tickets on the National Rail website.

Scoll down to the Refunds heading and you will see in detail how a refund is worked out.

Sorry, no idea how you deal with the refund to the employer.
I imagine that's up to the employer/employee to arrange/agree.

Edited to add:
Note that if he continues to commute by train, it will probably be more beneficial to change the season ticket to a different route rather than getting a refund.
For a start, there's no admin fee.
See the Changeover paragraph in the same document.

thelawnet

You would generally switch over to a different route if that's possible.

Why are the employers buying his season ticket using his money? Wouldn't it be easier for him to buy it himself?

tower

It's a perk, interest free loan taken before tax from your wage.

liz545

Most places I've worked it's been the case that the outstanding amount is deducted from your final salary payment (this is also the case with things like bike loans and if you've taken more holiday than would be due pro-rata). I don't know about whether the train company can refund the unused portion in weeks, rather than months, but as Wealdroam says, a changeover might work out to be better value.

wealdroam

liz545 wrote: »

I don't know about whether the train company can refund the unused portion in weeks, rather than months...

The train company should work out the amount to be refunded to the day... from the day the season ticket is handed in.

katejo

wealdroam wrote: »

The train company should work out the amount to be refunded to the day... from the day the season ticket is handed in.

You may find that you don't get much back from the train company. i have never done it but have heard that you don't get the last approx 3 months back. I have a season ticket loan from my employer so I can afford to pay for a whole year at a time. If I leave, the remaining payments will be deducted from my final salary.

mjm3346

They work out what would be the next cheapest way to have travelled for the time it was used (when it was handed in) and then deduct that amount and any admin fee from the cost of the annual ticket (after approx 10.5 months of an annual season ticket there is usually nothing left to refund).