BankITContractor Guides

No Holiday Leave?? Problem solved with BankIT

| Chris Lindgren

Australian couple loading beach gear into a car for a summer holiday

Contractors, no paid leave this Australia Day?

Tired of always being the one working over the holiday period or having a reduced pay packet when you do take time off?

Well now you can be paid on leave with PayMe's unique BankIT arrangement. For example, if you worked over your standard hours for your pay cycle — i.e. you work 50 hours in a week and your standard contract hours are 40 — you can simply bank the additional 10 hours. Be paid whilst you go on holidays, just like a full time employee, by calling on the funds you secured in BankIT.

To utilise the BankIT arrangement, simply state on your email with your timesheet that you would like to bank your additional hours.

If you are not with PayMe, call us on 1800 082 006, make the switch and enjoy your holidays, with pay. You can also read our fuller guide to how BankIt gives contractors income continuity.

Get more from your contractor pay

PayMe helps Australian contractors simplify payroll while accessing salary packaging, novated leasing and contractor benefits designed to help make the most of their income.

Related Contractor News

All Contractor News