I am thinking of dropping to a 4 day week (pending employer's approval obviously). Currently i work 37.5 hours so would think about dropping to 32 hours over 4 days so not a huge drop in hours. There would of course be a drop in salary and pension payments, not sure of any other disadvantages. We have recently paid off the mortgage so have a little more flexibility now.
With regard to what day to ask for, what happens with regard to bank holidays if you don't normally work Mondays? Do you get another day off in the week instead or perhaps get paid for the day you are 'losing'?
Any particular advantages to taking Monday over Friday (or vice versa)?