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Holiday pay calculation

Thomas_Holding
Posts: 477 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
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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
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