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Employees are entitled to a minimum of four weeks of annual leave. Employees can request to cash up one week of their four week entitlement and take the money rather than a holiday. If you provide more than four weeks of leave, your employee may request to cash up the extra leave as well. For example, if you allow your employees five weeks of leave, they may request to cash up two weeks of leave.
A request to cash up annual leave must be made in writing by the employee, and you must respond in writing. You can deny the request.
The decision to cash up leave must be informed and voluntary. You cannot make an employee cash up annual leave.