Originally Posted by
Rabbitwear
It sounds great till you scratch the surface , but using up leave can be advantageous as well, more than likely on a lower tax bracket for the year , so leave is worth more in the hand. Paying off any debt faster is a major advantage.
Storing up leave is not such a good idea if your company goes bankrupt . A happy medium is what’s required.
I used my secondary employment and jobkeeper to get by to preserve my leave and maximize jobkeeper. Now that the IRP is an extra payment I’m using up my leave to pay down debt. So I’m getting paid from leave, IRP and secondary employment so it’s all pretty good at the moment - the only problem is leave (and IRP) is a finite resource…
About to run out of AL, LSL at half rate should see me to March 22. Hopefully there’ll be some better news by then.