Holiday Buyback 2022!
17/11/2021
Remember that holiday buyback applications need to be in by the end of this month.
Holiday buyback allows eligible staff to buy up to two extra weeks’ annual leave. It’s a salary sacrifice agreement, so equal instalments are deducted from your salary each month over the year. For every extra week you take, you’ll sacrifice a week’s pay.
Applications for 2022 requests will close on 26 November to allow payroll to process all applications in time for the January pay run.
Just so you know, holiday buyback won’t have any impact on your pension contributions or entitlements. You can look at the guidance and application form on interchange or ask your manager for a copy to see if it’s right for you. Find the information by following this link: http://interchange.moray.gov.uk/downloads/file109572.doc