help with calculating unpaid leave

2004nsnazir

hi
I will be taking unpaid leave and wanted to know how much my salary will roughly be.


can anyone help.


My monthly salary before tax is 2064.25. I will be taking 13 days unpaid leave. I work 5 days a week totally 36 hours per week.


any help would be appreciated.

dawyldthing

Divide your salary by the total days you normally work (which will depend on the month to be fair) then times it by the days you will work and you’ll have a rough answer. You’ll pay less national insurance and tax so you won’t lose as much I don’t think.

snowqueen555

Payroll where I am tend to use a similar method to work on unpaid leave, or working out how much you get paid if you happen to start or leave mid month.

I would think it would be similar to this.

1) £2064.25 x 12 months = £24771 yearly salary
2) £24771 / 365 = £67.87 a day
3) £67.87 x 13 days = £882.31
4) £2064.25 - £882.31 = £1181.94

getmore4less

depends how they want to do it and if the 13 days are work days or consecutive days then you have are all days equal hours.

Some use 365
Some go more accurate for a 5 day worker and use 260 then only count work days.
Some use days in the month(28-31)
Some use work days in the month(20-23)

They all give slightly different answers.

engineer_amy

I would work it out by getting your daily rate and multiplying it by the number of days you actually worked.


So a monthly salary of £2064.25 gives an annual salary of £24771, divide this by 260 working days in a year (for a 5 day a week worker) gives a daily rate of £95.27.


If you were to take 13 working days off in April, out of 22 working days, you would have worked 9 days
so 9 times £95.27 gives a gross salary of 857.43. Based on that, you wouldn't pay any tax, and only £17 of national insurance.


But all companies will have their own way of calculating this. Have a word with your friendly payroll clerk and see if they can tell you, or it might be stated in your contract how they calculate it.
once you have the gross figure, you can enter it on listentotaxman.com or a similar type site to work out tax and NI.

getmore4less

engineer_amy wrote: »

I would work it out by getting your daily rate and multiplying it by the number of days you actually worked.


So a monthly salary of £2064.25 gives an annual salary of £24771, divide this by 260 working days in a year (for a 5 day a week worker) gives a daily rate of £95.27.


If you were to take 13 working days off in April, out of 22 working days, you would have worked 9 days
so 9 times £95.27 gives a gross salary of 857.43. Based on that, you wouldn't pay any tax, and only £17 of national insurance.


But all companies will have their own way of calculating this. Have a word with your friendly payroll clerk and see if they can tell you, or it might be stated in your contract how they calculate it.
once you have the gross figure, you can enter it on listentotaxman.com or a similar type site to work out tax and NI.

The correct way to do it is to take the 13 days of the month pay
(which works out the same as 13 days of a years pay)

£825.70

your calculation gets the number of days paid wrong accross the year
each month pays for 260/12=21.666... 11 of those + 9 days is 247.333...

where they worked 247days

0.333 of a day is £31.76 over paid

snowqueen555

engineer_amy wrote: »

I would work it out by getting your daily rate and multiplying it by the number of days you actually worked.


So a monthly salary of £2064.25 gives an annual salary of £24771, divide this by 260 working days in a year (for a 5 day a week worker) gives a daily rate of £95.27.


If you were to take 13 working days off in April, out of 22 working days, you would have worked 9 days
so 9 times £95.27 gives a gross salary of 857.43. Based on that, you wouldn't pay any tax, and only £17 of national insurance.


But all companies will have their own way of calculating this. Have a word with your friendly payroll clerk and see if they can tell you, or it might be stated in your contract how they calculate it.
once you have the gross figure, you can enter it on listentotaxman.com or a similar type site to work out tax and NI.

Doesn't make sense to me, if they are working for more than half the month, why are they receiving less than half a months pay?

I believe the way I have worked it out is how a lot of places do , makes more sense.

getmore4less

snowqueen555 wrote: »

Doesn't make sense to me, if they are working for more than half the month, why are they receiving less than half a months pay?

I believe the way I have worked it out is how a lot of places do , makes more sense.

It may to you but 5 day people don't work 365 days a year they work 260/261.

If someone takes off their 5 working days do you count that as a full week or just 5 days?

if someone takes of 10 working days(2 weeks), is that 10 days, 12 days(one weekend in the middle) 14 days(2 weekends) or 16(all three weekends as they stop on a Friday and don't go back till a Monday.

Using 365 for 5 day week workers is flawed.

say you took of 2 days a week that would be working 0.6 of your normal time but you would still get paid for (31-8)/31 = 0.74.

No sensible place would work out part time rates that way using 365 why do it for the odd day off?



The OP has not clarified if the 13 days are consecutive or working days.


edit: Forgot to add

I suspect the reason a lot of companies prefer the 365 method is because they pay out for more extra days(eg overtime and accrued holiday) than they do refund unpaid leave.