Season ticket loans

In order to qualify for a season ticket loan you must:

• Be a salaried member of staff with at least 12 months remaining on their contract.

Note: Fixed-term staff with less than 12 months remaining until the end of their contract can still take advantage of the scheme. They can request a 12 month’s ticket but pay the balance over the remainder of the contract.

• The school will assess each application for season ticket loans on an individual basis and has the right not to issue the loan.
• Season ticket will be processed on the monthly basis via Payroll.  All applications received by the 15^th of the month will be processed in the same month, applications received after the 15^th of the month will be processed the following month. The loan is in the nature of an advance against salary, and the School retains the right to refuse loans to individuals at its discretion.
• Season ticket loans in excess of £10,000 are classed as a benefit in kind, and will be taxed accordingly.
• Please do not pre-purchase your ticket, prior to having confirmation that you have been sucessfully assessed. 

• Please note, we can only provide season ticket loans for annual season tickets. Unfortunately, we are not able to provide a loan for monthly, weekly or daily tickets.

• Please note, we need to receive a scanned copy of your receipt as evidence that you have purchased your annual season ticket. Failure to send a receipt could result in your loan being taken back on the next available payrun.

• Download the Season Ticket Application Form 
• Send the completed form to seasontickets@lse.ac.uk
• Payroll team will let you know if you are eligible and when to expect the season ticket loan payment.
• A payment will then be made through the next available payroll which can be used to purchase the ticket.
• You will be able to purchase your season ticket from any large train station or TFL website directly.

To apply for a refund on your existing ticket, please follow these steps: 

• Contact your ticket provider directly and apply for the refund.
• The refund will be paid directly using your original payment method.
• Send an email to seasontickets@lse.ac.uk to confirm that you are in the process of applying for the refund. So payroll team can update your loan records accordingly and recover the remaining balance of season ticket loan in the next available payroll.

Please be aware that the value of your season ticket refund will not equal the outstanding balance left on the ticket. This is because the discounted price of annual season tickets is only applicable over the full 12 months duration. If you ask for a refund, you lose the discount. The nearer your ticket to expiry, the smaller the refund will be.

If your ticket has been damaged, or has been lost/ stolen, please contact your ticket provider directly and follow their instructions.

• If your paper ticket has been damaged and no longer works at the barriers, please take your ticket and proof of purchase to the large train station. They should be able to issue replacement ticket on the spot. Please be aware that local stations may not have the facilities to re-produce the ticket.
• For more information please follow this link https://tfl.gov.uk/fares/