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Holiday Buy Back
Remember that holiday buyback applications need to be in by the end of November.
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 2024 requests will close on 24 November 2023 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 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.