Interest free loan from employer

[shielsy]

hello chaps.

so today has been a good day... been offered a new job from a company that i want to work for. i currently live in milton keynes and the company is based in london so i will be commuting via train 5 days a week. the employer has stated that they can offer an interest free loan for my rail fare. am i right in saying that they can deduct this before tax like a traditional salary sacrifice, or is there more to it? i know i could find out from them at some point, but i am awaiting the formal offer to arrive and would like to do some sums in the meantime.

thanks in advance

[shielsy]

ok that makes sense. the train fare is in the region of £5700 so being able to save tax on that figure is certainly something i wanted to check.