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How do I calculate the holiday pay I should be paid post tax etc?
LiveOnce
Posts: 476 Forumite
Hello all,
How can I calculate the holiday pay I should get post tax?
I have 12 days remaining which the company agreed to pay if I don't take it.
My job is salary based, get 24 days a year annual leave from January to Dec. I have no student loans etc so just normal tax (have tax code if needed).
Can anyone point me to tools or a way to calculate how much I should receive? I do not trust my company to get it right as they make mistakes so want to make sure I am paid right.
How can I calculate the holiday pay I should get post tax?
I have 12 days remaining which the company agreed to pay if I don't take it.
My job is salary based, get 24 days a year annual leave from January to Dec. I have no student loans etc so just normal tax (have tax code if needed).
Can anyone point me to tools or a way to calculate how much I should receive? I do not trust my company to get it right as they make mistakes so want to make sure I am paid right.
0
Comments
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Payment for unused statutory holiday is not legal unless you are leaving.
Do you mean 24+BH0 -
Check your contract of employment. Mine says in the event I am entitled to holiday pay, then it is calculated at a rate of 1/260th
So if I had annual salary of £30,000, then I would get £30,000 / 260 = £115.38p for each day owed (which is subject to tax).
Also I believe getmore4less is correct, I get 28 days annual leave but this includes BH's (so you need to take out BH's from your calculations and then any other annual leave taken)I have a tendency to mute most posts so if your expecting me to respond you might be waiting along time!0
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