A holiday trading scheme gives employees the valuable opportunity to trade holiday days for cash or sacrifice some of their salary for extra days of annual leave. With employees having their own unique needs and requirements for time off, this employee benefit is a great way of giving individuals a bit more control and flexibility to support their own work-life balance and wellbeing, so they can flourish both in and out of work. Personalised holiday calendars empower employees, helping to create a highly motivated, engaged workforce and enhance job satisfaction.
Our holiday trading scheme is tailored to the needs of your business and staff, so you can maximise its overall benefit, improve your employee value proposition and help your people thrive.
Promote a healthy work-life balance
By being able to buy extra holiday days, employees have the freedom to spend time doing what they enjoy. Whether that’s spending more time with family, friends or going away.
Boost productivity
Allowing employees to choose what motivates them – more money or more holiday – means they’ll be driven in the workplace.
Reduce absenteeism
Our holiday trading scheme lowers the risk of employee fatigue, burnout and illness, as staff can take control of their workload and prioritise their health.
Employee wellbeing
See an improvement in your employees’ emotional and financial wellbeing, thanks to flexible working practices and the opportunity to boost their finances.
Attract and retain top talent
For many employees, holiday trading sits right at the top of their employee benefit wishlist. Leveraging our scheme will help your business to attract and retain talented professionals.
A holiday trading scheme is universally appealing, as more employees value a better work-life balance and the freedom to make their own decisions. Whether they wish to spend more time at their favourite Mediterranean resort or trade holiday days to add more money to their savings pot, our scheme offers the freedom and flexibility to do both!
Our scheme is tailored to your business’s needs, factoring in your exact rules and requirements, empowering you to offer a flexible, easy-to-use holiday trading scheme that works for you and your people.
Get in touch with us and let’s discuss your holiday trading requirements including your trading window and allowance. Once defined, we can get to work!
We’ll get your platform ready, including your holiday trading scheme and any other features of ours that you want included. We recommend consolidating all of your existing employee benefits into our single platform and app for boosted engagement!
Once your platform is live and employees are onboard, the holiday trading window will open on the date you specified to us. During this window of time, employees simply log in and request to buy or sell their holiday, up to the allowance you set.
All holiday trading requests will be available to you to easily manage from the Boost Admin Centre. Simply log in and approve/reject specific requests once the window has closed.
Once you’ve reviewed all requests, your team can enjoy the perks of having more control over their holiday and work/life balance. Lovely stuff!
A holiday trading scheme allows employees to buy additional holiday days from their employer, which gets deducted from their salary (salary sacrifice). They can also trade in some of their unused holiday for extra cash. This gives employees the freedom to tailor their annual leave based on their needs.
Yes, our holiday trading scheme is a salary sacrifice benefit. Whether an employee chooses to buy holiday or trade holiday, their money will be taken away or added to their salary. It’s up to the employee to choose whether they use this employee benefit or not.
Buying holiday through a holiday trading scheme isn’t taxable, as it operates as a salary sacrifice benefit. As someone’s salary is reduced when they buy holiday, they’ll pay lower income tax and National Insurance contributions.
However, if an employee trades in some holiday for cash, the value of those days will be added to their gross pay and be taxed.