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Holiday Exchange

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  • Holiday Exchange Scheme...
    Extra time off work when you need it.

Tabbed: Holiday


Benefits to Employer...

  • Reduces payroll amounts providing a cost saving to the business
  • Provides savings in Employer’s National Insurance Contributions
  • Helps recruit, retain and motivate your employees
  • Increases your reputation as a caring employer
  • Demonstrates a commitment to your staff
  • A simple and flexible scheme to introduce
  • Studies suggest additional leave could significantly reduce absenteeism

Benefits to Employee

  • Option to take extra holidays if needed
  • You can spread the cost of the extra days over 12 months
  • No justification required for additional holiday to either your manager/HR
  • Reduces the need to request unpaid leave saving between 32% and 47% in Tax and N.I. savings
  • Provides greater freedom and flexibility
  • Allows you achieve a superior work life balance 

Savings Illustration

The following illustration is based upon an employee taking 5 days additional leave, paid for over 12 months.

Basic Rate Tax Payer
Salary: £30K
Gross Cost of Leave: £574.70
Net Cost of Leave: £390.84
Tax and NI Saving: £183.86
Higher Rate Tax Payer
Salary: £40K
Gross Cost of Leave: £766.25
Net Cost of Leave: £444.48
Tax and NI Saving: £321.77

 

What is Salary Exchange?Printable Version

What our clients say...


FAQ's...and Answers

When can I apply for additional holiday leave?
Please refer to your employers Policy Document for details as each employer operates the scheme dependant on their business requirements and when the holiday year starts and finishes.

Can my manager turn down my request for additional holiday leave?~
Yes, if your absence while taking additional holiday leave will adversely affect the work of the team or department.  Managers should consider requests for additional holiday leave fairly and consistently.  If after due consideration, a request has to be turned down the reasons for doing so should be explained.  This is an entirely discretionary benefits and employees cannot appeal against their Manager’s decision.

Do I have to apply for a specific number of days?
You can apply to take any number of days, up to the permitted maximum – please refer to your employers Policy Document for the number of days permitted (pro-rated for part time staff).

If I apply for fewer than the maximum number of days, can I make a further application for additional holiday leave during the remainder of the period?
Yes – as long as this falls within the criteria detailed in your employers Policy Document.

Do I have to take all the extra days at once?
No, you can take days of additional holiday leave at any time you like, subject to the usual approval arrangements.

Can I apply for the additional leave while I have other salary exchange benefits in place?
Yes, provided that your hourly rate of pay does not fall below the National Minimum Wage.

Do I need to have a special reason to request additional holiday leave?
No.  It is entirely up to you how to use it and why you want it.  You do not need to declare your reason for the request.

Is additional holiday leave a replacement for compassionate lave or time off for dependants?
No, it is in additional to other kinds of leave.

How will a Salary Exchange Scheme affect my pension?
With a company pension your salary and the value of any salary exchange benefits may be considered as pensionable earnings.

Will Salary Exchange for the Holiday Exchange Scheme affect my Tax Credits?
Most people benefit but, if you are lower paid and claiming benefits or tax credits, before signing up for this scheme you should contact the HM Revenue and Customs for advice - Telephone 0845 300 3900, to check how using Holiday Exchange Scheme could affect your situation.

What happens if I leave employment?
If you leave before the end of the salary exchange period, you must pay the balance of the amount outstanding and this will be deducted from your final net pay.

What happens if I am off work?
If you are off work due to maternity, sick leave, etc. you may continue the salary exchange deductions. The exceptions to this are if the deductions take you below the National Minimum Wage or if you stop receiving salary and as a result do not have any earnings from which the salary exchange can be deducted. If deductions cannot be made your employer will suspend payments and will recommence when you return from unpaid leave.  Please note that you may not apply for additional leave whilst the extended salary deductions are still being taken.


More Information...

Please complete the short form below and we will send you an Information Pack for the requested Employee Benefit Schemes.


Your Details...


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Savings Illustration Request

Please complete the short form below and one of our team will be back in touch promptly. Any questions, or if you would prefer, please call us on 01280 851113.


Your Details...


Please send me a Savings Illustration...


Childcare Vouchers...

Please tell us the approximate average cost of your childcare each month.

£ per month

Cycle to Work...

Please tell us the cost of your bike and/or accessories. The total for the bike and accessories must not exceed £1000.

£
£

Parking at Work...

Please tell us the estimated cost of your annual season ticket/parking costs.

£ per annum

Save as you Learn...

Please tell us the estimated cost of your training.

£

Professional Fees and Subscriptions...

Please tell us the estimated cost of your fees or subscription per annum.

£ per annum

Holiday Exchange...

Please tell us your annual salary and the number of extra days holiday you would like to base this illustration on.

£

Health Screening...

Please tell us the estimated cost of your Health Screen.

£

Home Utilities...

Please tell us the following information. If you do not know your estimated annual gas or electricity consumption you can tell us about your household.

kWh per annum
kWh per annum

Please send me a Savings Illustration...

 


Any Other Comments...


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Employee Registration Form

Please note that for an Employee to take advantage of this scheme, their Employer must have registered with Gemelli. If you are unsure if your Employer offers this scheme, please call us on 01280 851113 and we can advise. If your Employer does not currently offer this scheme you could request our information pack to pass on...  Why not refer us to your/an employer? You could receive a £20 voucher for referring Gemelli when the company successfully registers for any of our salary exchange schemes.

Request Information PackReferral

Please complete the Registration Form below. Any questions, or if you would prefer to complete your registration over the phone, please call us on 01280 851113. Alternatively you can print out the Registration Form and return to us by post, fax or email.

Printable Registration Form


Your Details...


Employment Details...

£

Holiday Details...


Salary Sacrifice Details...

months

Your Agreement...

Please ensure you have read and agree with the Terms and Conditions for our Holiday Exchange scheme.


Please now submit your registration by clicking on the button below. One of our team will be in touch shortly - thank you.

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Employer Registration Form

Please complete the Registration Form below. Any questions, or if you would prefer to complete your registration over the phone, please call us on 01280 851113. Alternatively you can print out the Registration Form and return to us by post, fax or email. Or if you are looking to register for a Self Administered Scheme please complete our Self Administered Scheme Order Form

Printable Registration Form


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Company Details...


Services Required...

 


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Any questions? Please complete the short form below and one of our team will be back in touch promptly. If you would prefer please call us on 01280 851113.


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