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Calculating Refund on Season Ticket
Comments
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Black_Monk said:Dear All
I have a similar question, I did claim a refund as soon as I was told to work from home but I don't understand how the refund was calculated. I bought a ticket for travel between my home town and London from 24th February to 3rd April, 40 days travel for £586.50. I was told to work from home on the 19th March, I refunded my ticket when I got back to my home station, it had been used for 25 days. Now doing a pro-rata calculation I reckon I have used (25/40) x 586.50 = £366.56 of the value of my ticket
so I would have expected a discount of 586.50 - 366.56 - 10.00 = £209.94
My refund was actually £132.60 (£77.34 less)
Now many thanks to Owain_Moneysaver for that link that states the rail companies don't base refunds on pro-rata usage, but how then are they calculating it? I don't understand what a longer term discount has to do with it, any refund should be based solely on how much the ticket cost?
Please enlighten me!
Standard rail tickets are normally 1 week, 1 month, 3 months, 6 months or 12 months.
Regarding why they aren't pro-rata, look at it this way:
Manchester-London Anytime Return £360
Manchester-London Monthly Season £1552
Now say you need to go from Manchester to London for a last-minute meeting and you have to travel at peak time. If the season ticket refunds were pro-rata then you could buy a monthly season ticket at 7am on Monday morning for £1552, then get a refund of around of £1475 minus a £10 admin fee on Monday evening, after making one return journey saving you around £290. How many people do you think would use that loophole if it existed?1 -
epm-84 said:What kind of ticket do you have which allows 40 days travel?
Standard rail tickets are normally 1 week, 1 month, 3 months, 6 months or 12 months.You can get season tickets for any period of time between a month and a year. Before I had the finance to be able to afford an annual ticket, I (like many others I suspect) would buy tickets for around a month but always extend them for however many days was necessary to ensure they ended on a Friday, and then start the next one on the following Monday.You give a good explanation of why refunds aren't 'pro-rata' - thanks.
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p00hsticks said:epm-84 said:What kind of ticket do you have which allows 40 days travel?
Standard rail tickets are normally 1 week, 1 month, 3 months, 6 months or 12 months.You can get season tickets for any period of time between a month and a year. Before I had the finance to be able to afford an annual ticket, I (like many others I suspect) would buy tickets for around a month but always extend them for however many days was necessary to ensure they ended on a Friday, and then start the next one on the following Monday.
What I was trying to get at by asking about why it's non-standard was to check it was a monthly season with extra days added, not some kind of special ticket which would have different refund conditions.0 -
Owain_Moneysaver said:How it's actually calculated is the season tickets you would have needed to buy for the period from 12 July 2019 to today, which is 9 months, so you'd be charged 9 monthly seasons (some at 2019 prices and some at 2020 prices as the fares change on 1 January), and any weekly seasons to make up odd days. You don't get back 3/12ths of the annual cost.It's madness, I can't travel to work for at least 2 months and have to pay all the additional costs of being at home during that time, and it will end up costing me more in rail fares than if I had been going to work every day - Out of pocket twice!Usually I think MSE is pretty reliable but this has just cost me money so I'm not impressed.0
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epm-84 said:Owain_Moneysaver said:
Any refund is calculated from the date after the Season Ticket was returned to the retailer, and will be the difference
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There may also be an administration charge of no more that £10.00.
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You won't get a refund for the period between 17th March and now, as you could have used your ticket. You should have applied for your refund as soon as possible.
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