Any contractors out there? Holiday pay query

[LoveableLou]

Hi all,

I'm an education contractor and have my holiday pay rolled up each week but I'm finding it disincentives me from taking any holiday, as I feel I'm losing money when I take time off.

I wonder if having my holiday accruing in a separate pot is a better way to go. I can then receive holiday pay when I'm off to tide me over until my next pay day.

Thanks 👍

Just put the holiday pay aside or in a separate account for when you take holiday. It will be earning interest!

I never thought of that, thank you!