Season Ticket Loans

The University of Glasgow provides staff with an interest free transport loan for purchasing an annual rail pass or SPT Zonecard which is then paid back in 10 equal deductions from your salary.

Should you wish to avoid the forthcoming rail ticket increases, you must have your application in to the Performance, Pay & Reward Team by close of business on Wednesday 11th December 2019, ensuring that the rail ticket start date is 1st January 2020 or earlier.

How it works

The bus or train season ticket loan scheme allows employees to have an interest-free loan for the cost of a public transport annual season ticket which will be repaid within the lifetime of the season ticket (by 10 equal monthly instalments).

The scheme provides annual season ticket loans where the transport provider does not provide their own interest-free scheme for the purchase of annual season tickets.

Eligibility

Your application must be for an annual season ticket.

Staff member

You must be a salaried member of the University of Glasgow staff, or any of its wholly owned subsidiaries, with a staff number, i.e. have a contract of employment issued from Human Resources.

Contract

You must have a contract of employment that covers the full period of the season ticket.

Application Process

To apply for the interest free season ticket loan for rail or SPT subway travel please do so via the Abellio portal as per the link below;

Abellio Season Tickets

Terms and Conditions

An interest free season ticket loan may only be issued to University employees who have a contract issued from Human Resources, subject to following terms & conditions:

Time period

You can apply for a season ticket loan at any point during the year.

Repayments will be taken from the next available pay period – this is dependent on whether the application was made prior to the payroll deadline for that month.

Note, it is not possible to request a ticket more than one month in advance.

Leaving the University

Procedures if a member of staff permanently leaves the University of Glasgow;

If an employee leaves the University at any time before the whole loan has been repaid, the balance of the loan will immediately become repayable and will be recovered from the employee's final salary.

Final salary

If, however, the outstanding balance of the loan is larger than the employee's final pay, the individual must repay the total outstanding balance before their last date of employment at the University.

Change in personal circumstances

If an employee has a change in personal circumstances, such that they are no longer able to use the season ticket, or no longer wish to use it, at any time before the whole loan has been repaid, they may return the season ticket as per the instructions on the Abellio website.

Once the ticket has been returned the balance of the loan will immediately become repayable.  The supplier will issue a refund directly to the University and the outstanding balance will be recovered from the employee's next pay. If the balance of the outstanding loan is larger than the employee’s next net salary payment, individual arrangements will be made with the employee for recovering the balance.

By making this application, you are agreeing to the terms and conditions as stated above and acknowledge that the loan will be repaid by deductions from your net salary including any lump sum repayment at the point of termination.

Looking after an annual season ticket

Care of the Season Ticket is the employee's responsibility. Any replacement costs are the responsibility of the employee.

Renewing an annual season ticket

An interest free season ticket loan is NOT renewed automatically.

The employee must submit a new loan application at least one month prior to any annual season ticket expiry date if you wish to renew your season ticket in good time.

Frequently asked questions

Purpose of interest free public transport loans

The University offers an interest free loan to help employees budget for travel to work to cover the cost of an interest free public transport annual season ticket.

What happens if I leave the University before the whole loan has been repaid?

An employee may only apply for and be granted one season ticket loan at any one time from the University for the purposes of purchasing an annual season ticket.  The University reserves the right to delay or refuse an application for a season ticket loan.

What happens if I no longer want or need the interest free season ticket loan?

Once the ticket has been returned to the supplier, the balance of the loan will immediately become repayable.  The supplier will issue a refund directly to the University and the outstanding balance will be recovered from the employee's next pay. If the balance of the outstanding loan is larger than the employee’s next net salary payment, individual arrangements will be made with the employee for recovering the balance.

What happens if I lose my season ticket?

You will be required to pay any re-issue charges directly to the travel provider.

If I am going on holiday for 4 weeks, can I therefore extend the validity of my ticket to take account of this?

Contact your season ticket supplier. Generally no refund or extension is granted in such cases.

What happens if I am ill and I'm not able to use my ticket?

Generally speaking, unless the operator is sent the season ticket before the illness, days lost through illness cannot be claimed back retrospectively.

What happens if I leave the University before the whole loan has been repaid?

Once the ticket has been returned to the supplier, the balance of the loan will immediately become repayable.  The supplier will issue a refund directly to the University and the outstanding balance will be recovered from the employee's next pay. If the balance of the outstanding loan is larger than the employee’s next net salary payment, individual arrangements will be made with the employee for recovering the balance.