The yield-to-maturity (YTM) of a bond is another way of considering a bondâs price. YTM is the total return anticipated on a bond if the bond is held until the end of its lifetime. Yield to maturity is considered a long-term bond yield, but is expressed as an annual rate.
Getting paid instead of taking holidays. The only time someone can get paid in place of taking statutory leave (known as âpayment in lieuâ) is when they leave their job. Employers must pay for untaken statutory leave (even if the worker is dismissed for gross misconduct). If an employer offers more than 5.6 weeksâ annual leave, they can agree separate arrangements for the extra leave.
Paid leave is any time when the employee is receiving SMP or other pay. If the employee qualifies for SMP, this will be 39 weeks unless your policy is to pay company maternity pay extending beyond this period.In a final-salary (defined benefit) scheme, you must treat any period of paid maternity leave as pensionable service.hen the law on benefits during AML changes later this year, the employee will be entitled to her full contractual holiday entitlement for the holiday year even if she is on maternity leave for some or all of it.