Buying more holiday

[Lazycarton]

Who is entitled to buy more holiday and how does it work

[clashcityrocker]

Leave purchase option

Over and above standard entitlements, employees with less than 20 years’ service will have the chance to increase their holiday entitlement to (or towards) 6 weeks per year, by foregoing an element of basic pay. This will offer those employees who might find it attractive to take more time off from work, earlier in their career, additional annual holidays in lieu of pay. This choice must be exercised for at least one whole leave year, and for each whole week of additional leave the basic pay will be adjusted by 2%. The maximum holiday entitlement that may be gained in this way is six weeks per year. Obviously once the higher level of leave becomes an entitlement through service, or if the employee opts to return to their standard entitlement, pay is then adjusted back upwards. There will therefore be the following options for the new operational grade (at national rates, with similar proportionate options for Inner and Outer London and for the support grade, and pro-rata options for part-time employees) for full-time employees with less than 20 years’ service:

Standard on entry = basic pay £******* pw with four and a half weeks’ holiday
Option 1 = basic pay £******** pw with five weeks’ holiday
Option 2 = basic pay £******** pw with six weeks’ holiday

Standard at max = basic pay £******** pw with four and a half weeks’ holiday
Option 1 = basic pay £******** pw with five weeks’ holiday
Option 2 = basic pay £******** pw with six weeks’ holiday

Standard after 5 years = basic pay £******** pw with four weeks 3.5 days’ holiday
Option = basic pay £******* pw with six weeks’ holiday

Standard after 15 years = basic pay £******** pw with five weeks 1 day holiday
Option = basic pay £******** pw with six weeks’ holiday

These options are provided entirely as a choice for the individual employee, and this is agreed without prejudice to any future discussions on enhancing national entitlements generally. In no circumstances may leave from the standard national entitlements be reduced, neither may un-taken leave or other time off in lieu be “sold” or converted into pay. Exceptionally for the first year only, any employees opting for additional leave in this way will have their basic pay adjusted from Monday 8 May 2000.

******** I've taken the values out as they were out of date.

[Stella102]

you have to have at least a years service to do it and its too late now so will have to do it next year before feb i think.

[Lazycarton]

Thanks for the replies.