The Trust’s Policy enables employees to make an application to ‘buy’ or ‘sell’ annual leave.
You application will be considered against a number of factors:
· Can the service accommodate you being absent for a longer period.
· Is it realistic that you have the prospect of taking more time off.
· How will the additional time off be covered.
· Will there be an increased cost to your department.
Summary of Purchasing/Selling Leave
Employees may make an application to “buy” (purchase) or sell annual leave; however, this must be in accordance with the minimum and maximum ceilings set for annual leave. Employees working part-time hours would have their purchasing or selling leave pro-rata’d in line with their working hours.
Purchasing Leave
Employees may increase their entitlement by an addition of 37.5 hours (5 days) of annual leave subject to the specified ceilings. The maximum entitlement is 40 days to be taken during the leave year. The purchasing of additional leave for employees working part-time will be pro rata based on their working hours. The purchasing and selling of annual leave is calculated based on Whole Time Earnings.
Selling Leave
Employees may reduce their entitlement by up to 5 days (37.5 hours), subject to people having a minimum of 20 days (150 hours) leave that must be taken within the annual leave year (Bank / Public Holidays are not included in this). The purchasing and selling of annual leave is calculated based on Whole Time Earnings.
Calculation
The rate to buy and sell annual leave is calculated using all Whole Time elements of pay that count as regular earnings:
· Basic Pay including any Pay Protection.
· London Weighting.
· High Cost Area Supplement.
· Intensity Supplement (s).
· Additional Programmed Activities.
· Frequency / On Call Allowance
· CEA / Distinction / Merit Awards.
· Discretionary Points
Your Normal Annual Salary is divided by 365 to establish the daily monetary value.
Payment
If you ‘sell’ current year annual leave your monthly pay will be increased to the end of the financial year to incorporate the monetary value. This payment is not an addition to your basic salary and so is non- pensionable.
If you ‘sell’ previous year annual leave your monthly pay will be increased in one month to incorporate the monetary value. This payment is not an addition to your basic salary and so is non-pensionable.
If you ‘purchase’ annual leave your monthly pay will be decreased to the end of the financial year to incorporate the monetary value. This payment is not a deduction to your basic salary and so is non-pensionable.
This will be shown separately on your payslip as ‘Buy Sell Ann Leave’
Payment or deduction cannot be made if your employment status changes; maternity leave, paternity leave, shared- parental leave etc. This will recommence immediately on your return to active employment status.
The application form for buying and selling annual leave is attached to this knowledge article.
You application will be considered against a number of factors:
· Can the service accommodate you being absent for a longer period.
· Is it realistic that you have the prospect of taking more time off.
· How will the additional time off be covered.
· Will there be an increased cost to your department.
Summary of Purchasing/Selling Leave
Employees may make an application to “buy” (purchase) or sell annual leave; however, this must be in accordance with the minimum and maximum ceilings set for annual leave. Employees working part-time hours would have their purchasing or selling leave pro-rata’d in line with their working hours.
Purchasing Leave
Employees may increase their entitlement by an addition of 37.5 hours (5 days) of annual leave subject to the specified ceilings. The maximum entitlement is 40 days to be taken during the leave year. The purchasing of additional leave for employees working part-time will be pro rata based on their working hours. The purchasing and selling of annual leave is calculated based on Whole Time Earnings.
Selling Leave
Employees may reduce their entitlement by up to 5 days (37.5 hours), subject to people having a minimum of 20 days (150 hours) leave that must be taken within the annual leave year (Bank / Public Holidays are not included in this). The purchasing and selling of annual leave is calculated based on Whole Time Earnings.
Calculation
The rate to buy and sell annual leave is calculated using all Whole Time elements of pay that count as regular earnings:
· Basic Pay including any Pay Protection.
· London Weighting.
· High Cost Area Supplement.
· Intensity Supplement (s).
· Additional Programmed Activities.
· Frequency / On Call Allowance
· CEA / Distinction / Merit Awards.
· Discretionary Points
Your Normal Annual Salary is divided by 365 to establish the daily monetary value.
Payment
If you ‘sell’ current year annual leave your monthly pay will be increased to the end of the financial year to incorporate the monetary value. This payment is not an addition to your basic salary and so is non- pensionable.
If you ‘sell’ previous year annual leave your monthly pay will be increased in one month to incorporate the monetary value. This payment is not an addition to your basic salary and so is non-pensionable.
If you ‘purchase’ annual leave your monthly pay will be decreased to the end of the financial year to incorporate the monetary value. This payment is not a deduction to your basic salary and so is non-pensionable.
This will be shown separately on your payslip as ‘Buy Sell Ann Leave’
Payment or deduction cannot be made if your employment status changes; maternity leave, paternity leave, shared- parental leave etc. This will recommence immediately on your return to active employment status.
The application form for buying and selling annual leave is attached to this knowledge article.