From: Andreas Pagel 
Newsgroups: uk.finance
Subject: Re: Converting Employees' Surplus Annual Leave into Pay
Date: Wed, 16 Nov 2005 22:42:33 +0000

On Sat, 12 Nov 2005, Mr Scummy  wrote:
> Does anyone know if this final statement is correct?  Is a company 
> really legally barred, even if it wanted to, from converting unused 
> leave into a salary bonus or other remuneration?

Almost certainly not.

My employer is planning to introduce a "flexible benefits" scheme from next
January, one feature of which is to allow employees to sell back unused
holiday days to the company, or buy additional days (up to a maximum of 5
either way).

Andreas.