We're aware that some users are experiencing technical issues which the team are working to resolve. See the Community Noticeboard for more info. Thank you for your patience.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Help - overtime or time off in lieu

Options
I need to find an additional 10 days holiday this year as Im travelling overseas for a family wedding.  I’ve got the option to take the time off unpaid at the end of the year.  
Or work overtime and have it paid to me as double time pay.
i can either work overtime now and save the extra money to cover my unpaid at Christmas.
Or, work overtime through the year for single pay and hours off in lieu.
im a higher rate tax payer.
is there an easy way to workout what’s best to do?  Im struggling with the tax etc and which option is better, financially 

Comments

  • DullGreyGuy
    DullGreyGuy Posts: 18,544 Forumite
    10,000 Posts Second Anniversary Name Dropper
    Are you close to £100k salary after allowable gross deductions like pension?

    Getting double pay means you only need to do 5 days work to achieve your 10 days off. Working for time in lieu means needing to do the full extra 10 days. There may be a temporary change in tax due to the spike in earnings but this will come out in the wash when you are unpaid over Xmas
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 350.8K Banking & Borrowing
  • 253K Reduce Debt & Boost Income
  • 453.5K Spending & Discounts
  • 243.8K Work, Benefits & Business
  • 598.6K Mortgages, Homes & Bills
  • 176.8K Life & Family
  • 257.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.6K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.