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Holiday Buy Back
Holiday Buy Back
Struggling to get the balance right between work and home life? Our holiday buyback scheme could help you even things out.
It allows eligible members of staff to buy up to two extra weeks’ annual leave. It’s a salary sacrifice agreement, so equal instalments are deducted from your pay packet each month over the year. For every extra week you take, you’ll sacrifice a week’s pay.
Maybe you’re planning on moving house next year, going on honeymoon or an extended holiday – holiday buyback could help you strike the right balance and give your life outside of work the time it deserves.
Applications are being taken just now for this scheme, but will close on 30 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, to see if it’s right for you.