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buying holidays
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SJH101
- Posts: 42
- Joined: 30 Jun 2010, 17:43
- Gender: Male
buying holidays
Hi
Just wanted to know how the buying holidays thing worked.
If I am coming out with £230 a week and I want to buy two weeks holiday for this year how will that affect my wage each week?
Does it come out each week or is it a lump sum or do you effectively just have unpaid holiday?
thanks
Just wanted to know how the buying holidays thing worked.
If I am coming out with £230 a week and I want to buy two weeks holiday for this year how will that affect my wage each week?
Does it come out each week or is it a lump sum or do you effectively just have unpaid holiday?
thanks
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gerardy
- Posts: 315
- Joined: 21 Feb 2009, 12:14
- Gender: Male
Re: buying holidays
the money comes out weekly and it is not that much. You get the forms from your manager and you stay in it (extra 2 weeks holidays) until you opt out. fulltimers I think is around 10-12 pound a week
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SexyLegs
- EX ROYAL MAIL
- Posts: 393
- Joined: 13 Apr 2010, 16:00
- Gender: Male
Re: buying holidays
You've kind of answered your own question, you don't actually buy 2 weeks, you get 22.5 days anyway so you buy 7.5 days which takes you up to 6 weeks in total, cost is roughly £10 - £12 per week for a full timer as the other poster states so cost to you will be about 70% of that, roughly £7 -£9 a week, well worth it when you consider Union subs are £3 odd a week!!!SJH101 wrote:Hi
Just wanted to know how the buying holidays thing worked.
If I am coming out with £230 a week and I want to buy two weeks holiday for this year how will that affect my wage each week?
Does it come out each week or is it a lump sum or do you effectively just have unpaid holiday?
thanks
Enjoy your hols
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IcanthelpthewayIam
- Posts: 4067
- Joined: 26 May 2009, 13:37
- Gender: Male
Re: buying holidays
also worth while doing it this year, we're getting that 3.5% extra in april, so in terms of money in your bank, you would end up with 6 weeks holiday and no less money going in each weekSexyLegs wrote:You've kind of answered your own question, you don't actually buy 2 weeks, you get 22.5 days anyway so you buy 7.5 days which takes you up to 6 weeks in total, cost is roughly £10 - £12 per week for a full timer as the other poster states so cost to you will be about 70% of that, roughly £7 -£9 a week, well worth it when you consider Union subs are £3 odd a week!!!SJH101 wrote:Hi
Just wanted to know how the buying holidays thing worked.
If I am coming out with £230 a week and I want to buy two weeks holiday for this year how will that affect my wage each week?
Does it come out each week or is it a lump sum or do you effectively just have unpaid holiday?
thanks
Enjoy your hols
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Darren Bent
- Posts: 2150
- Joined: 05 Oct 2007, 15:38
- Gender: Male
- Location: Pride Park, Derby, DE24 8XL
Re: buying holidays
and with reduced income you pay less tax (I think)
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Cheetah
- Posts: 428
- Joined: 13 Oct 2009, 13:17
- Gender: Male
Re: buying holidays
Just look into how the purchased leave is allocated at your unit before you decide...... If it's the same as in our office (you pick on the leave list after all allocated leave has been chosen), you will only end up with the dregs, and no chance of getting 2 or 3 days together set aside a week !!!!! If your okay with that then it is a fine system, but I would just do my homework before I commit myself personally......SJH101 wrote:Hi
Just wanted to know how the buying holidays thing worked.
If I am coming out with £230 a week and I want to buy two weeks holiday for this year how will that affect my wage each week?
Does it come out each week or is it a lump sum or do you effectively just have unpaid holiday?
thanks
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arnold cheshire
- Posts: 5309
- Joined: 14 Oct 2010, 21:28
- Gender: Male
- Location: england
Re: buying holidays
yes will pay to have extra time of in winterCheetah wrote:Just look into how the purchased leave is allocated at your unit before you decide...... If it's the same as in our office (you pick on the leave list after all allocated leave has been chosen), you will only end up with the dregs, and no chance of getting 2 or 3 days together set aside a week !!!!! If your okay with that then it is a fine system, but I would just do my homework before I commit myself personally......SJH101 wrote:Hi
Just wanted to know how the buying holidays thing worked.
If I am coming out with £230 a week and I want to buy two weeks holiday for this year how will that affect my wage each week?
Does it come out each week or is it a lump sum or do you effectively just have unpaid holiday?
thanks
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arnold cheshire
- Posts: 5309
- Joined: 14 Oct 2010, 21:28
- Gender: Male
- Location: england
Re: buying holidays
http://www.thomascook.com/going-places" onclick="window.open(this.href);return false;
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arnold cheshire
- Posts: 5309
- Joined: 14 Oct 2010, 21:28
- Gender: Male
- Location: england
Re: buying holidays
id get your form in as soon as possible if you want to buy extra leave before its too late
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Cheetah
- Posts: 428
- Joined: 13 Oct 2009, 13:17
- Gender: Male
Re: buying holidays
Are you on commission LOLbringon4dayweeks wrote:id get your form in as soon as possible if you want to buy extra leave before its too late
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arnold cheshire
- Posts: 5309
- Joined: 14 Oct 2010, 21:28
- Gender: Male
- Location: england
Re: buying holidays
no i thought there was a cut off date for buying extra holidaysCheetah wrote:Are you on commission LOLbringon4dayweeks wrote:id get your form in as soon as possible if you want to buy extra leave before its too late![]()
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justdeno
- Posts: 362
- Joined: 27 Jan 2012, 16:05
- Gender: Female
Re: buying holidays
Just book the hols asap, cos how much you pay each week you can have all that time away from work, also if you do overtime tax man takes less, its only equivilent to 1 hour a week!!!! JUST DO IT 
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arnold cheshire
- Posts: 5309
- Joined: 14 Oct 2010, 21:28
- Gender: Male
- Location: england
Re: buying holidays
tax man takes 20 percent income tax and then national insurancejustdeno wrote:Just book the hols asap, cos how much you pay each week you can have all that time away from work, also if you do overtime tax man takes less, its only equivilent to 1 hour a week!!!! JUST DO IT
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Darren Bent
- Posts: 2150
- Joined: 05 Oct 2007, 15:38
- Gender: Male
- Location: Pride Park, Derby, DE24 8XL
Re: buying holidays
and if 30 people do that and it will keep another person in wok as well :)
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Indy
- Posts: 977
- Joined: 03 May 2010, 07:05
- Gender: Male
Re: buying holidays
and conversely LESS pension!Darren Bent wrote:and with reduced income you pay less tax (I think)