Thoughts please! Does anyone know if it’s possible for any employee to sell their additional holidays days (accrued over the statutory minimum of 5.6 weeks per year) and to use this amount to top up their furlough amount?
Contractually I’m thinking no but if the employee gives consent is it possible? Heads is frazzled. Could be a good option for them to use up their holiday and to keep a steady/slightly higher monthly income.
Thank you!
Sarah
Welcome to the forums Sarah I see no problem with doing this provided you stay at or above the minimum statutory level. Don't forget to think about / check whether these payments will be part of pensionable salary, or count for life insurance purposes..... Remember also that if these amounts take the person over the £2,500 cap, 80% of the excess cannot be reclaimed.....
Finally, do undertake some cost simulations with your finance team - to make sure that putting this in place will not create cashflow difficulties in the current context.
Welcome to the forums Sarah I see no problem with doing this provided you stay at or above the minimum statutory level. Don't forget to think about / check whether these payments will be part of pensionable salary, or count for life insurance purposes..... Remember also that if these amounts take the person over the £2,500 cap, 80% of the excess cannot be reclaimed.....
Finally, do undertake some cost simulations with your finance team - to make sure that putting this in place will not create cashflow difficulties in the current context.
