Leaving RM with annual leave/my bundle owed

[2214MN]

Hi there,

I may be leaving the company in October. Just wondering if anyone knows if you have used more leave than you have accrued before leaving is it taken out of your final payslip or will you be billed separately after leaving the company?

Same question with my bundle benefits, I still have quite a few payments left on an item purchased will this be billed as a lump payment?

Thanks

[noggin1969]

They are usually taken out of your last pay, unless they exceed your payment, then you will be billed for the excess.

[HTPostman]

Does anyone know what time of year is most financially beneficial to leave (no clever ‘immediately’ comments please!).

If you left 6 months through the annual leave year (so approx October) but hadn’t taken a single hour of annual leave would you then be paid half of your AL entitlement?

Asking for a friend etc.

[sorefeet17]

Does anyone know what time of year is most financially beneficial to leave (no clever ‘immediately’ comments please!).

If you left 6 months through the annual leave year (so approx October) but hadn’t taken a single hour of annual leave would you then be paid half of your AL entitlement?

Asking for a friend etc.

Yes, you would get half of your annual leave. Obviously the furthest month from April is best, but it depends on what leave you have taken.
If you owe them and your wages don't cover it, I would imagine you will be paying back full rate, and then try and get money back off the taxman which won't be easy.

[Surreypostie]

Leave at the end of march having taken no leave and they will pay you your full annual leave entitlement. As for the my bundle stuff, I looked at the Cycle to work scheme once, that said, if you leave you have to settle up what you are owing.

[HTPostman]

Thank you for the replies and sorry to hijack your thread 2214MN.

When I make the long term decision to leave I’ll simply stack all my AL until as late in the holiday year as possible then work for as long as I can stand it.

[loyalsnail]

Does anyone know what time of year is most financially beneficial to leave (no clever ‘immediately’ comments please!).

If you left 6 months through the annual leave year (so approx October) but hadn’t taken a single hour of annual leave would you then be paid half of your AL entitlement?

Asking for a friend etc.

Yes, you would get half of your annual leave. Obviously the furthest month from April is best, but it depends on what leave you have taken.
If you owe them and your wages don't cover it, I would imagine you will be paying back full rate, and then try and get money back off the taxman which won't be easy.

You'd be asked to pay back what's owed after correction of tax, so no need to chase HMRC for overpaid tax.