Season ticket/interest free loan from employer

adonis10

To pay for rail annual ticket. Does this attract tax, ni and student loans or would there be a saving? For example, £800 loan paid back over 10 months - would my pay be £80 less liable to tax, ni and SL?

Ebe_Scrooge

If you're talking about a season ticket loan from your employer, then you can't reclaim the tax. But many employers offer an interest-free loan scheme, so you can at least spread the cost without incurring any extra interest.


http://www.moneysavingexpert.com/travel/train-season-tickets


"It typically works like this: you request a cheque from your employer made out to the travel company you're buying the season ticket from. Your employer will then take the repayments from your net salary in 10 or 12 instalments. It's worth asking your employer if it does this, or, if not, if it can start offering this scheme. "