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Final Months Pay - Confused
Kris1985_2
Posts: 23 Forumite
Hi,
I am leaving my current job on Friday 21st May 2010, i usually get paid on the 25th of each month. Payroll has calculated my final months pay as the following;
You will be paid on 25th May your final salary. Your basis pay will be 15 working days (£25000 divided by 260 (number of working days in a year) multiplied by 15 equals £1442.31 and we have been instructed, by HR, to pay you 1.5 days holiday pay which is calculated in the same way and therefore equals £144.23.
The net pay is £1230.78.
Best wishes for the future
Does anyone know if this is correct, or if they have worked this out wrong?
Thanks,
Kris
I am leaving my current job on Friday 21st May 2010, i usually get paid on the 25th of each month. Payroll has calculated my final months pay as the following;
You will be paid on 25th May your final salary. Your basis pay will be 15 working days (£25000 divided by 260 (number of working days in a year) multiplied by 15 equals £1442.31 and we have been instructed, by HR, to pay you 1.5 days holiday pay which is calculated in the same way and therefore equals £144.23.
The net pay is £1230.78.
Best wishes for the future
Does anyone know if this is correct, or if they have worked this out wrong?
Thanks,
Kris
0
Comments
-
they have explained how they have calculated it, and there is nothing there that alarms me. What is is that you are uncomfortable with?0
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The calculation is 100% correct.
If you are happy with the amount of holidays owed then there is nothing that looks off to me (and I do payroll). This is the way we calculate it.0 -
Thanks, just wanted to check.0
-
Are you sure the holiday is correct
When is the holiday year?
What holiday do you get?
how many have you taken?0
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