Holiday Trading

Why not let your employees pay for some extra time off?

When they need some more downtime for that special occasion, give them the option to ‘buy’ more holiday. A day costs 1/260th of your employees’ wages, so someone on £20,000 would pay approximately £77 per day. This would be spread over 12 months, costing just £6.40 per month to buy an extra day of holiday.

If they choose to do this from their salary, may also save on National Insurance and income tax – our benefits experts will be able to tell you whether this applies to your scheme.