Annual leave as extra payment

[Crystalmazes]

My workplace have requested that I do not take my 5 days worth of annual leave as they are short staffed. They say they will pay me for those 5 extra days instead.

If I am on 80k annually how much extra would I get for those 5 days? I am not entirely sure what calculation I would do. Would it be 80,000/365 × 5?

How do you mean cover tax?

It will be £1,095.30 after Tax and NI. I used a pay calculator online to work out your day rate which is £219.06 after deductions

I don't know what your payslip looks like, they vary. The gross salary for the year will be higher, OP would be paid for 53 weeks rather than 52, having worked an additional week.

Ask your employer to pay your tax and NI for those 5 days. They are highly unlikely to want to do this hence carrying the 5 days over into your next holiday year is the best option. Surprised they didnt suggest this tbh.

The Gross value will be shown on payslip first.

I actually give up unused holiday and have the gross amount put into my pension via salary sacrifice. Saves me the tax and ni and my employer also rebates their ni saved.

Do you actually want to do this?

Wtf... You're clever enough to earn £80000 but not clever enough to work this out .?

Whatever it is, it will be swallowed by tax. I would refuse - you need the break more than you need the money

I think they mean gross up I.e. you take the gross holiday pay figure and then add on the tax to “gross up” the pay. This way when it is taxed etc. the net pay is actually the same as the starting gross pay figure.

Wholly inappropriate to do in this case. If the op took a days annual leave their pay for that day would be taxed so if they are paid instead it should also be taxed.

Trust me the higher the earner the less likely they are to know how to work out their pay. There are exceptions.