Ready, steady… save!
You don’t need a chart to join in. Here are 2 ways to record your savings:
1. Cross it off
Pop a chart into your first post. Saved an amount? Cross it out! Read more »
£0.01 £0.02 £0.03
2. Write it down
Skip the chart and add updates to your first post. Read more »
“Another +£3 saved today. Go me!”
Use +£ before each new saving so it counts towards your total.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Does anyone know how average over holiday pay for part timers is calculated?
maz_hartley
Posts: 123
Forumite
Im currently contracted to 18h but work about 30-39h a week? Holiday pay is based on the average overtime worked. My rate of pay is £10.42 but when I take some holiday I get my usual overtime hours included and my rate of pay increases to about £15.50p/h (variable slightly). I don’t understand how the rate of pay increases to about £15.50 if anyone can explain please?
0
Comments
-
-
Thanks but this doesn’t help with working out how I get the extra hourly rate when I’m on holiday.zagfles said:0 -
The rate for holiday is higher than the rate for your standard hours because the holiday rate is based on your average hourly rate. (That is the amount earned for contracted hours plus the amount earned in overtime and divided by the hours in the reference period.)
That is on the basis that your overtime rate is higher than the £15.50-ish you mention as being paid for holidays. So it varies a little because the amount of overtime will vary.0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 355.8K Banking & Borrowing
- 254.9K Reduce Debt & Boost Income
- 456.2K Spending & Discounts
- 248.4K Work, Benefits & Business
- 606K Mortgages, Homes & Bills
- 179K Life & Family
- 263.9K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.7K Read-Only Boards