"Paul Weaver" wrote in message
...
"D" wrote in message
om...
Can any one help with this query...

TFL don't seem to give me a straight answer.

I buy an annual season ticket this year (before the price hike).
If I wanted to surrender my pass sometime next year, what would I be
entitled to ?


The ammount you paid pro-rata minus any applicable admin fee. E.G. You pay
£1200 for year pass, and surrender after 2 months you get about £1000
back.

It is not done pro-rata. If you got a refund after two months you would get
£1200 minus the cost of two monthly tickets which would work out to less
than £1000 as monthlies are more than 1/12 the price of an annual ticket.

From http://www.ticket-on-line.co.uk/info...1.shtml#refund

We will work out your refund by taking away from the cost of the Travelcard
you bought, the cost of the cheapest alternative ticket (or tickets) for the
length of time you actually used it, plus a special charge we make for this
service. This means that the amount we pay back will not usually be in
direct proportion to the cost of the Travelcard, and if it is near to the
expiry date when you return it, there may be no refund due.

If you hold a monthly Travelcard, there is generally little or no refund due
after three weeks use. In the case of an annual Travelcard, there is
generally little or no refund due if it has been used for over ten months.

Peter Smyth