Down sides to dropping work week's ? Am I missing something

[ICanSmellSummerComing]

Is there anything I'm missing by possibly reducing my yearly week's by 2/3 maybe 4.

My DC are still quite young, and at the moment my weeks cut into the summer holiday.
My pay would obviously reduce, but I'd stand still because of the rise in nmw etc .

I guess not then😁

Tbh I have no clue what you mean, maybe that’s why you haven’t had any replies

Do you mean take extra AL? Or unpaid leave? Are you on a contract or annual salary?

I'm afraid I'm as confused as pp.

Sorry OP I work in payroll and still don't have a clue what you meant. Do you mean a term time contract?

Another one with no clue what you mean...

Oh!
Sorry yes I work in a school and have the option to work less weeks.

No clue what is being asked either.

If you have the option, and it gives you extra time with DC/saves on holiday clubs and you won't be worse off financially, then yes it sounds worth considering.

Do you have an employment contract?

Gazlelda yes I do.

I'm just wondering if I was missing something major..

I 'buy back' an extra weeks leave, is that what you mean?

For me it's worth it, the cost is spread across the year and works out about £50 per month out of my wage. It means less school holidays I need to find childcare for.

I have an opportunity to work less weeks a year that's all.
I work When the children are off on their summer holidays,I won't need to buy it just earn a little less.

If you are reducing income, how does this affect your savings. A buffer for things such as the water/heating boiler or washing machine suddenly needing replacing, to give two examples.

Hi do you mean term time working only? That works for a lot of working parents but it does mean that you are very much restricted in terms of the rest of your AL as it can be frowned upon if you work term time but still take AL on other days but other than that it’s great

A possible implication is that you won't be contributing to a full year's ni contributions from so will have incomplete years for your pension. Some will depend on whether you'd still be paid over 12 months or not, and you may have to factor in paying these anyway, which may take you under your current pay level.

Also, to state the obvious, atm, with utilities increasing and cost of living rising, you may find that you need that extra money, unless of course you're offsetting against childcare in the school holidays?

@ChoiceMummy
That's a very good point.
However even if I stayed as I am I think the new ni barriers would mean I don't pay it anymore.. but actually how will that affect my pensions?

Has anyone'seen anywhere What means for people earning under 12 500?

Also don’t discount your work pension. That will also reduce. Bear in mind a couple of weeks a year contributions now may inflate to a much larger amount in 20 or 30 years.

also once your kids are older how easy is it to pick those weeks back up?

in the short term you may save a week or two a year in childcare, but what will you lose in wages, ni pension, work pension, future earnings…

I currently work Term Time plus an extra week each year.
It works for me as I have a toddler DS and my Mum looks after him/takes him to school nursery every day at present so I have no childcare in the holidays as DH works away.
I did take a pay drop to go to this from full time but for now the positives outweigh the negatives.
Depends how you plan on working in the future. Eventually I may have the opportunity to pick up extra weeks as DS gets older and more independent.

It may well be a moot point if you're claiming the child benefits, but obviously that won't negate the impact also on your work pension.

I'd really look carefully before reducing as it's usually harder to then find a step up that's not a huge step up time wise.

I work approximately 0.6 and though have options of increasing hours at times, I know that longer term, the option of say just another day a week will be gone and it will be either what I have or full time only.