Leaving job, holiday pay

win1

Hi, apologies if in the wrong place.
I handed in my notice last week & have to work 4 weeks notice, however I have 12 days hols worked up. I have been advised the 12 days will be paid in my final pay & I will likely only see half due to tax. It has been suggested that I put into my company pension. I also have my health policy through my payroll which was just renewed & I asked if I could pay the balance & hopefully there would be some benefit with the holiday pay but refused. Tax & allowances confuse me. To be honest I could do with the cash. Any suggestions on how to avoid loosing so much money. Thanks in advance.

OMM 0000

Use the 12 days to only work roughly 2 weeks notice?

seamus

Oddly, if it's done this way, you're not actually losing money.

You're basically get paid 12 days overtime. That is, if you took these 12 days as holidays you wouldn't get paid anything extra at all, you'd just get your salary.

This way you're getting your salary + 12 days' pay. Yes, you're being taxed on it, but you get taxed on everything.

win1

Thanks but they are making me work 4 full weeks notice & not allowed holidays in that time.

OMM 0000

If you need the cash, I think just take them as part of your pay.