Retained Holiday Pay
Due to Government regulation, you accrue a holiday pay entitlement based on your average working hours. As your Contract makes clear, your pay includes an element for holiday pay and this is effectively saved up and paid to you only when you elect to take a period of time as paid holiday.
This holiday pay can be paid to you at any point which you nominate as paid holiday throughout the Tax year. It’s simple: just send our team an email to holiday@epayme.co.uk requesting the amount of holiday you wish to be paid and the date you want it paid to you and we can tell you what that will equate to in terms of the paid holiday entitlement which you have accrued. If you have accrued enough, you can choose to take paid holiday on that basis.
Please note that we need one month’s notice. The money paid is also subject to deductions and paid holiday must be requested before the end of the current Tax Year, which is also the end of our holiday year. Entitlement is to be paid leave accrued in that year and please note that any payment for it will otherwise be lost.