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What is bank holiday leave?

If your place of work is closed on bank holidays, your employer can make you take them as part of your annual leave entitlement. Some employers might give you bank holidays off and pay you for them on top of your annual leave entitlement. This will be outlined in your contract.

What is banked leave?

Banked leave allows employees to save up part of their annual leave over multiple years for an extended period off work in the future. Employees may choose to bank leave to save up for: Travelling. Seeing family oversees. Personal development.

What is a banked sick leave?

The purpose of the Sick Leave Bank is to provide a means of obtaining additional sick leave days to avoid loss of compensation due to a catastrophic illness or injury of the employee sick leave bank member that requires intermittent or continuous absence from work.

What is leave banking?

A paid leave bank is a system that allows employees to donate their accrued paid leave, such as vacation or sick leave, to a central pool. This pool can then be used by employees who need additional leave time due to personal or family emergencies, medical conditions, or other qualifying circumstances.