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Holiday Buyback
Remember that holiday buy back applications need to be in by the end of this month. Holiday buy back 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 2020 requests will close on 29 November to allow Payroll to process all applications in time for the January pay run.
Just so you know, holiday buy back 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 if you don’t have access to a computer at work to see if it’s right for you.