I work as a care assistant for local council in a care home.
I am planning on leaving my current employer at the end of this year (2022). At that time I will be 64 and will retire. I have 4 weeks holidays accrued. I am planning to hand my notice in at the end of November and use my 4 weeks leave as my notice, so leaving immediately upon handing notice in.
My company has a policy of all leave being taken before leaving the business i.e. they do not want to pay for leave not taken as part of final pay.
Does anyone know if my employer could make me work my notice when I hand my notice in at the end of November and pay the 4 weeks into my final payslip?
If they do demand I actually work my notice am I correct that they have to pay me my untaken leave in my final payslip?
I'm almost at the point of paying off my mortgage and have no kids / wife etc. I'm 45 and have approx £2,500 a month disposable income so I'm wondering what best to do with this over the next 10 years with a view to stop working at 55 if possible. If I just keep saving the £2,500 in the bank, in 10 years I will have £250k+interest but there must be better ways of putting this money to work.
I work as a care assistant for local council in a care home.
I am planning on leaving my current employer at the end of this year (2022). At that time I will be 64 and will retire. I have 4 weeks holidays accrued. I am planning to hand my notice in at the end of November and use my 4 weeks leave as my notice, so leaving immediately upon handing notice in.
My company has a policy of all leave being taken before leaving the business i.e. they do not want to pay for leave not taken as part of final pay.
Does anyone know if my employer could make me work my notice when I hand my notice in at the end of November and pay the 4 weeks into my final payslip?
If they do demand I actually work my notice am I correct that they have to pay me my untaken leave in my final payslip?
I'm almost at the point of paying off my mortgage and have no kids / wife etc. I'm 45 and have approx £2,500 a month disposable income so I'm wondering what best to do with this over the next 10 years with a view to stop working at 55 if possible. If I just keep saving the £2,500 in the bank, in 10 years I will have £250k+interest but there must be better ways of putting this money to work.
Would appreciate your views.
Thanks for your time.
Well spotted. Posting this pension query for my Mum who doesn't have an account. Mystery solved.
Why don’t “you” just ask your employer? And if they say you have to work the 4 weeks notice, rather than have it as leave, you get a nice extra payment upon retirement? Not difficult.
This reminds of a woman I used to work with who was constantly off sick in the few years before retirement and openly admitted she hated work. Then in the last few months before leaving she kept having “doctors”, “dentist” and “optician” appointments. Even booking one the day before leaving.
Usually the same sort of people who complain about unfair treatment when they’re just work shy.
I should imagine that the reason they're not asking employer is because they aren't state pension age so it's currently not on the employer's radar that they intend finishing at the end of this year and possibly they have a history of not being great towards the employee during their final weeks there?
OP- I have worked several places where you're not allowed to book any time off in December at all, not just the Xmas period. I would say what would usually be allowed and work around that to see if you can come close enough to the scenario you desire. Eg if you take the last two weeks of November off, come back and give a month's notice, you are then owed 2 weeks annual leave, so what do you think would happen then? Would you be able to work the first fortnight in December and then leave because the last two weeks would be holiday pay?
I don't think anyone has asked where the holiday years runs to either. Is it Jan-Dec? If so is the workplace not likely to chase up those who haven't used their holiday entitlement up and ask them to book hols because of constraints on booking AL at the end of the year?
I should imagine that the reason they're not asking employer is because they aren't state pension age so it's currently not on the employer's radar that they intend finishing at the end of this year and possibly they have a history of not being great towards the employee during their final weeks there?
OP- I have worked several places where you're not allowed to book any time off in December at all, not just the Xmas period. I would say what would usually be allowed and work around that to see if you can come close enough to the scenario you desire. Eg if you take the last two weeks of November off, come back and give a month's notice, you are then owed 2 weeks annual leave, so what do you think would happen then? Would you be able to work the first fortnight in December and then leave because the last two weeks would be holiday pay?
I don't think anyone has asked where the holiday years runs to either. Is it Jan-Dec? If so is the workplace not likely to chase up those who haven't used their holiday entitlement up and ask them to book hols because of constraints on booking AL at the end of the year?
Thanks, hold run Apr - March. We have read all replies and thank everyone for your input. On this reply we have thought that they will probably notice holidays have not been taken so far so this will probably force the issue somewhat when they chase my Mum to take some of her accrued leave.
I should imagine that the reason they're not asking employer is because they aren't state pension age so it's currently not on the employer's radar that they intend finishing at the end of this year and possibly they have a history of not being great towards the employee during their final weeks there?
OP- I have worked several places where you're not allowed to book any time off in December at all, not just the Xmas period. I would say what would usually be allowed and work around that to see if you can come close enough to the scenario you desire. Eg if you take the last two weeks of November off, come back and give a month's notice, you are then owed 2 weeks annual leave, so what do you think would happen then? Would you be able to work the first fortnight in December and then leave because the last two weeks would be holiday pay?
I don't think anyone has asked where the holiday years runs to either. Is it Jan-Dec? If so is the workplace not likely to chase up those who haven't used their holiday entitlement up and ask them to book hols because of constraints on booking AL at the end of the year?
Thanks, hold run Apr - March. We have read all replies and thank everyone for your input. On this reply we have thought that they will probably notice holidays have not been taken so far so this will probably force the issue somewhat when they chase my Mum to take some of her accrued leave.
Then my other point is, if the holiday year should run until the end of April, will they have definitely accrued as much as 4 weeks Annual Leave by the end of the year, since they'd be leaving 3 months before the holiday year ends?
Are you seriously suggesting saying "here's my notice, and a holiday application, I'm off"?
Absolutely. I'm retiring, what do I care lol.
I'm guessing I'm not the only one who is disgusted by this attitude of a care worker??!
But I've always believed in karma, what comes around goes around...
Let's hope that your mother gets a more compassionate carer should she ever go into a care home...
Should've = Should HAVE (not 'of')
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)
Replies
https://forums.moneysavingexpert.com/discussion/6252333/what-to-do-with-my-dosposable-income-to-help-with-early-retirement#latest
pstones578said:
I'm almost at the point of paying off my mortgage and have no kids / wife etc. I'm 45 and have approx £2,500 a month disposable income so I'm wondering what best to do with this over the next 10 years with a view to stop working at 55 if possible. If I just keep saving the £2,500 in the bank, in 10 years I will have £250k+interest but there must be better ways of putting this money to work.
Would appreciate your views.
Thanks for your time.
Peter Stones
This reminds of a woman I used to work with who was constantly off sick in the few years before retirement and openly admitted she hated work. Then in the last few months before leaving she kept having “doctors”, “dentist” and “optician” appointments. Even booking one the day before leaving.
OP- I have worked several places where you're not allowed to book any time off in December at all, not just the Xmas period. I would say what would usually be allowed and work around that to see if you can come close enough to the scenario you desire. Eg if you take the last two weeks of November off, come back and give a month's notice, you are then owed 2 weeks annual leave, so what do you think would happen then? Would you be able to work the first fortnight in December and then leave because the last two weeks would be holiday pay?
I don't think anyone has asked where the holiday years runs to either. Is it Jan-Dec? If so is the workplace not likely to chase up those who haven't used their holiday entitlement up and ask them to book hols because of constraints on booking AL at the end of the year?
Peter Stones
But I've always believed in karma, what comes around goes around...
Let's hope that your mother gets a more compassionate carer should she ever go into a care home...
Would've = Would HAVE (not 'of')
No, I am not perfect, but yes I do judge people on their use of basic English language. If you didn't know the above, then learn it! (If English is your second language, then you are forgiven!)