Being asked to take all my leave this year

Hi,

I started work at my Job in June this year.

I've not taken much leave this year because of the pandemic.

I have 12 days worth saved up, and my job is saying that I have to take it by Dec 31st or lose it?

is this correct? I thought the annual leave would be calculated based on when i started or the tax year, not the new year.

I'd rather be paid for my untaken time off instead of take it (what am I going to do with 12 days off in tier 3??) but they say I can't do that either.

is there anything I can do or is it at the discretion of the employer?

Thanks

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