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Web• The maximum season ticket loan available to employees, unless authorised by the Assistant Chief Executive, Human Resources, is £3,500. Loans will not be granted for any … The season ticket loan is an interest free loan for employees to cover the cost of travelling to and from the workplace via modes such as tram, rail, bus or others. The commuting loan scheme we provide to employers can also … See more As mentioned, employers have lots of control over the scheme including the ability to set maximum spend limits. Employers can also … See more To find out more about the season ticket loan scheme or to get set up, simply get in touch on 0333 2000 104, email [email protected] or head over to our contact uspage and submit a contact form. See more pound cake with oil
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Web28 Feb 2024 · Many employers offer interest-free, or low-interest, season ticket loans. Your employer will either give you a cheque made out to the travel company you're buying the … WebA Flexi Season ticket is a new, more flexible, kind of season ticket that allows 8 days of travel in 28 days with unlimited travel, from the time you activate your day pass until 04:29 the next morning, between two stations each day that it is used. It’s great for commuters travelling during peak times 2-3 days a week, Monday to Friday, as it ... WebExample: Loan for travel season ticket renewal In July 2024, Brenda (a 40% taxpayer) needs to renew her train travel season ticket at a cost of £5,510. To pay for this out of her take-home pay she would need to receive gross pay of £9,500 (i.e. £9,500 less tax at 40% (£3,800) and Class 1 NICs at 2% (£190)). touroone nymc