Unlike the Holiday and Welfare credit scheme the Holiday With Pay Scheme is designed to cover the full 30 days holiday entitlement for all operatives. Below are a few of the most important advantages of joining the Holiday With Pay Scheme –
- Members can pay holiday pay money for both Operatives and Office Staff.
- Holiday pay can be paid in for the full 30 days holiday entitlement and also include all top up payments.
- Member companies can pay as much as they want into the scheme for holiday pay and at a time in the month that suits them.
- Member’s can withdraw money from the scheme when they require it making it more flexible for paying people out at different times of the year instead of being restricted to the 3 rigid payouts on the holiday credit scheme.
This scheme has been designed to make working out and paying holiday pay and top up payments as easy as possible and also giving the member more control over maintaining their own holiday pay for their company.
The Employment Affairs team at SELECT has produced a useful guide to calculating holiday pay and it can be downloaded by clicking on the following: Circular 156 – Calculating Holiday Pay.