Season tickets and refunds

yorkie2

ricky_v wrote: »

Many thanks it would have been nice to get half the money back on an annual pass.

haha, there is a further saving for annual season ticket holders, I see what you're trying to do - obtain the annual saving for only a half-annual period, but that how it works available unfortunately.

ricky_v wrote: »

I'll certainly email the TOC to get clarification from the horses mouth but it does look like I'll be getting 6 month passes until the contract becomes permament.

The National Rail website is the definitive source of information. Errors & omissions do occur occasionally, but in this case the information is correct.

If your job changes and you require a Season Ticket changeover, then that is different, and you will either pay, or be refunded, the difference between the fares.

ricky_v

Many thanks for the replies, I've had a reply from the TOC which states

They work out the cost of a Season Ticket for the period of time you had your Season Ticket in your possession and deduct this from the price paid, plus £10.00 admin.

To give you an approximate guide a straight 6 months is £654.40, but they will work it out precisely to the day that the ticket is surrendered for refund.

The £654.40 is the cost of a 6 month ticket (an annual costs £1136). So as said previously it would appear that they charge the 6 months ticket anyway when you hand in an annual ticket after 6 months plus £10. So my choice is to get an annual ticket and IF my job ends it will cost me the standard 6 month ticket plus £10, or get a 6 month ticket and IF they extend my contract by another 6 months, I'll be buying another 6 month ticket, costing me about £170 more than if I bought the annual ticket.

It would appear to make sense to buy an annual ticket as opposed to a 6 month ticket as the worse I'll be off is £10. Needless to say the cost will be put on a 0% credit card as I feel too cheeky asking for an employer loan (which would be nice because of the tax reduction).

Many thanks

wealdroam

ricky_v wrote: »

Needless to say the cost will be put on a 0% credit card as I feel too cheeky asking for an employer loan (which would be nice because of the tax reduction).

Not sure there are any tax savings on an interest free season ticket loan.

Anyway, glad you now understand the season ticket refund theory.

iAMaLONDONER

ricky_v wrote: »

Many thanks for the replies, I've had a reply from the TOC which states



The £654.40 is the cost of a 6 month ticket (an annual costs £1136). So as said previously it would appear that they charge the 6 months ticket anyway when you hand in an annual ticket after 6 months plus £10. So my choice is to get an annual ticket and IF my job ends it will cost me the standard 6 month ticket plus £10, or get a 6 month ticket and IF they extend my contract by another 6 months, I'll be buying another 6 month ticket, costing me about £170 more than if I bought the annual ticket.

It would appear to make sense to buy an annual ticket as opposed to a 6 month ticket as the worse I'll be off is £10. Needless to say the cost will be put on a 0% credit card as I feel too cheeky asking for an employer loan (which would be nice because of the tax reduction).

Many thanks

3% cashback if you have a Santander 123 credit card as well!

Altarf

iAMaLONDONER wrote: »

3% cashback if you have a Santander 123 credit card as well!

Actually it would only be 0.792% on that ticket.

iAMaLONDONER

Altarf wrote: »

Actually it would only be 0.792% on that ticket.

Oh yes the £10 a month cap on cashback from Petrol/fares

Pantera_Fan

You don't necessarily need 6 monthly tickets though as you can get month+x days either online or at the ticket office. The additional days are charged at the same rate as the monthly ticket.

Depending on when weekends and holidays fall and with a bit of careful planning you could get away with paying the equivalent of 5 and a bit monthly tickets rather than paying for weekends and holiday periods when the ticket is not being used (presuming you work Mon-Fri etc).

Here is a thread giving a worked example. Use the national rail season ticket calculators to adapt for your own situation.

https://forums.moneysavingexpert.com/discussion/4315315