Print Page - Season Ticket refund

I've just accepted a new job, and won't have to commute to London after mid-August.

My year season ticket is valid until January 22nd 2010.

Does anyone know what sort of refund I'll get on it, or how they calculate the refund?

Thanks for any replies!

Quote from: http://www.nationalrail.co.uk/times_fares/season_tickets/season_ticket_conditions.html (http://www.nationalrail.co.uk/times_fares/season_tickets/season_ticket_conditions.html)

Any refund is calculated from the date the Season Ticket was handed in. It will be the difference between the price you paid and the cost of a ticket or tickets for the period for which you have actually used the ticket, plus an administration charge (see section 9). Because of the discounts on longer term Season Tickets, refunds are not made pro rata to the periods before/after surrender and Annual Season Tickets have no refund value after about 10 1/2 months. For this reason we recommend that employers' Annual Season Ticket loan schemes are set up so that reimbursements are made in 10 equal monthly payments with two 'free' months at the end of the year, rather than in 12 equal monthly payments.

So if you hand it in on 22nd August, they'll calculate the cost of ~~eight~~ (whoops!) seven monthly seasons and give you the difference back (less about ^10 for the admin charge)

Great Western Coffee Shop

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