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wage slip

derbys
derbys Posts: 7 Forumite
in Mortgages & endowments
hi
can anyone tell me what holiday offset means on a wage slip please
«1

Comments

  • amnblog
    amnblog Posts: 12,784 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    It means exchanging holiday entitlement for more pay if on he income side, or taking extra holiday at the cost of pay if on the deductions side.
    I am a Mortgage Broker

    You should note that this site doesn't check my status as a Mortgage Broker, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice.
  • pogofish
    pogofish Posts: 10,853 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Its not got a lot to do with Mortgages and Endowments though!
  • GingerBob_3
    GingerBob_3 Posts: 3,659 Forumite
    pogofish wrote: »
    Its not got a lot to do with Mortgages and Endowments though!


    Unless when they see it they use it as an excuse not to give you a mortgage; I wouldn't put it past them.
  • derbys
    derbys Posts: 7 Forumite
    hi
    thanks we are remortgaging and they have asked for wage slips and have asked us to explain what holiday offset means on the wage slip
    so what do i tell them that they can undrstand thks;)
  • Thrugelmir
    Thrugelmir Posts: 89,546 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    derbys wrote: »
    so what do i tell them that they can undrstand thks;)

    Why were the circumstances for the adjustment to be made?
  • derbys
    derbys Posts: 7 Forumite
    dont know everytime the wife take a holiday or a couple of days of it appears that way on wage slip
  • derbys
    derbys Posts: 7 Forumite
    and she has been there 10yrs+ always been the same that i can remember
  • derbys
    derbys Posts: 7 Forumite
    hi does anyone know anymore about hoilday offset pay
  • GolfFoxtrot
    GolfFoxtrot Posts: 182 Forumite
    derbys wrote: »
    hi does anyone know anymore about hoilday offset pay

    Ask your wife's payroll to clarify?

    I receive an extra payment when taking a holiday due to a "loss of income" from overtime I can't work whilst on holiday.
  • derbys
    derbys Posts: 7 Forumite
    yes thanks i have done they have just said it means holiday pay is slightymore than normal pay but th bank want more info
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