Great news – you can now submit your request to buy up to five days of extra leave or sell up to two days.
The window is open until 17 March, however, we recommend making your selection in myHR sooner rather than later so you have the opportunity to ask any questions and put your request through in time. All requests are subject to approval from your Line Manager and Senior Leader and the restrictions below. Late requests won’t be accepted.
For full details of the Holiday Trading scheme, take a look at The Bridge where you’ll find a calculator (to calculate the cost of buying/selling leave), the scheme rules and Frequently Asked Questions. Please use Microsoft Edge to open the calculator.
What’s the process?
Have an initial chat with your Line Manager to discuss your application as well as any carry over annual leave and TOIL you have left to take. You’ll then need to:
- Apply for Holiday Trading on myHR portal – here’s the guide on how.
- When the Holiday Trading window closes, your request will be sent by Reward to your Line Manager and Senior Leader for approval. The approval process varies slightly for Corporate Shipbuilding colleagues so please refer to your email.
- You’ll be advised if your application was successful by early April.
- Your holiday balance will be updated on myHR Portal by mid-April.
If you request to buy/sell leave is approved, adjustments to your salary will be made over nine months, from 1 April to 31 December.
Restrictions
- Anyone who carried over more than five days (or pro-rata equivalent for part-time employees) into 2024 won’t be eligible to sell annual leave.
- If you’re employed on either a fixed term or a temporary contract with Carnival UK which is due to end before 31 December, you won’t be able to buy or sell annual leave.
- If buying additional leave, your pay, after any salary sacrifice deductions must be over National Living/Minimum Wage for 2024/25. Please use the Eligibility Checker on the Holiday Trading Calculator on The Bridge to see if your request will take you under National Living/Minimum Wage. If it does, you may not have scope to buy additional leave this year or you may need to request fewer days. When using the Eligibility Checker, you’ll need to know how much you pay to the other salary sacrifice schemes including pension, cycle to work, childcare vouchers (closed scheme), give as you earn and the electric car Scheme. Please use Microsoft Edge to open the calculator.
- Please be aware that Statutory earnings-related payments such as Statutory Maternity Pay (SMP) and Statutory Sick Pay (SSP) are based on average earnings that are subject to National Insurance so may be impacted by participation in this scheme. Any entitlement to Tax Credits or the amount awarded may also be affected by your participation in this scheme.
If you have any trouble submitting your holiday trading application or can’t find an answer to your question on The Bridge, please contact People Support.