Holiday pay calculation
Thomas_Holding
Posts: 380
Forumite
I am being made redundant and given pay in lieu of holiday.
How do I work out if they have calculated the correct amount.
These are not my real figures but for sake of discussion.
My gross salary was £1K per month. Five months ago I got 1.06 % pay rise. I have 25 days holiday a year and they owe me 14 days. My holiday year ends end of December and it is a calendar year.
I think they should pay me £12720/(number of day I work a year 236)*14
£754
However I am not sure if this is correct. I have searched on line but I can't find anything useful
How do I work out if they have calculated the correct amount.
These are not my real figures but for sake of discussion.
My gross salary was £1K per month. Five months ago I got 1.06 % pay rise. I have 25 days holiday a year and they owe me 14 days. My holiday year ends end of December and it is a calendar year.
I think they should pay me £12720/(number of day I work a year 236)*14
£754
However I am not sure if this is correct. I have searched on line but I can't find anything useful
0
Comments

Do you work shift or is that 25+BH. as stat minimum is 28 days?
Holiday is accrued prorata for the year and they don't have to include the PILON period.
Holiday pay is based on a weeks pay for a 5 day worker 14 days would be 2.8 weeks
the legislation is
https://www.legislation.gov.uk/uksi/1998/1833/regulation/14
https://www.legislation.gov.uk/uksi/1998/1833/regulation/16
it changed this year so the weeks pay is averaged over 52 weeks
1 
getmore4less said:Do you work shift or is that 25+BH. as stat minimum is 28 days?
Holiday is accrued prorata for the year and they don't have to include the PILON period.
Holiday pay is based on a weeks pay for a 5 day worker 14 days would be 2.8 weeks
the legislation is
https://www.legislation.gov.uk/uksi/1998/1833/regulation/14
https://www.legislation.gov.uk/uksi/1998/1833/regulation/16
it changed this year so the weeks pay is averaged over 52 weeks
To make life easier I am leaving at the end of the holiday pay period.
How do they calculate a weeks pay? Is it my gross salary divided by 52 or 52 number of weeks I have off a year?0 
If on fixed pay then the last 52 weeks divided by 52 should work, many would/still just use current pay which for you works out better as it is higher.
Some places have other calculations and work on a days pay using various methods like working days or calendar days often resulting in lower payments.
Do you get BH on top of the 25?
0 
getmore4less said:If on fixed pay then the last 52 weeks divided by 52 should work, many would/still just use current pay which for you works out better as it is higher.
Some places have other calculations and work on a days pay using various methods like working days or calendar days often resulting in lower payments.
Do you get BH on top of the 25?0 
Thomas_Holding said:getmore4less said:If on fixed pay then the last 52 weeks divided by 52 should work, many would/still just use current pay which for you works out better as it is higher.
Some places have other calculations and work on a days pay using various methods like working days or calendar days often resulting in lower payments.
Do you get BH on top of the 25?0 
On what date are you leaving the Company? Are you being asked to take annnual leave over Xmas?0
Categories
 All Categories
 341.7K Banking & Borrowing
 249.7K Reduce Debt & Boost Income
 449.2K Spending & Discounts
 233.9K Work, Benefits & Business
 606K Mortgages, Homes & Bills
 172.5K Life & Family
 246.8K Travel & Transport
 1.5M Hobbies & Leisure
 15.8K Discuss & Feedback
 15.1K Coronavirus Support Boards