Reducing to a three day week

[NeedingHelp]

If I wanted to reduce my 5 day week to a 3 day week in my PAYE job in order to have more time to focus on my small business and supplementary income, what benefits would I lose in terms of holidays, sick pay, pension and the like?

 

[ClubMan]

Some of it will depend on the terms & conditions of your contract of employment. In terms of your statutory rights check out DETE and for example for information about part time working.

 

[MsGinger]

If your employer allows you to do this, it will mean you still have pro-rata entitlement to holidays - i.e. 4 working weeks would be 12 days in the case of a three-day week.

As ClubMan says, the rest will depend on your terms of employment.

 

[TheBoss]

I reduced to 3 days a couple of yers ago (young kids, long commute, etc). Yes, everything is pro-rated i.e. 3/5 wages, etc. If you are paying into a pension, remember the contributions may be less , so you might want to do some avc's (if you can afford on the smaller income of course).
I often do a 4-day week now and what i've found is that I get almost the full entitlement of holidays - it is calculated on the number of hours worked in the last year or something like that.

 

[kfpg]

I often do a 4-day week now and what i've found is that I get almost the full entitlement of holidays - it is calculated on the number of hours worked in the last year or something like that.

Hi Boss, I am not sure what you mean by this but would be interested if you could explain it a bit more. I understood that you work a 3 day week generally but now often do a 4-day week but still get almost the full holiday entitlement???