Weekly pay to salary

chrisbur

If you are going to go back to them I would go for 52.18 to account for the leap year every four years.

H_e_a_dache

chrisbur said:

If you are going to go back to them I would go for 52.18 to account for the leap year every four years.

Apparently they don't want to add the leap year in because we have too many employees starting and finishing and a leap year could fall on a weekend that we don't work. 

H.

chrisbur

H_e_a_dache said:

chrisbur said:

If you are going to go back to them I would go for 52.18 to account for the leap year every four years.

Apparently they don't want to add the leap year in because we have too many employees starting and finishing and a leap year could fall on a weekend that we don't work. 

H.

I only mentioned the leap year as it affects the calculation of the year length, whether the extra day falls on a working day or not is irrelevant, the real significance is the number of paydays a weekly paid employee gets each year.  The cumulative affect of the year having 365.25 days in it rather than 364 (7*52) is that every so often a weekly paid employee has 53 paydays in a year.  These week 53s can fall in any year.  The rule is if your payday falls on April the fifth or in a leap year April the fourth or fifth then that payday becomes week 53.  A week 53 would be required even without leap years it would just happen a little less often. 

H_e_a_dache

chrisbur said:

H_e_a_dache said:

chrisbur said:

If you are going to go back to them I would go for 52.18 to account for the leap year every four years.

Apparently they don't want to add the leap year in because we have too many employees starting and finishing and a leap year could fall on a weekend that we don't work. 

H.

I only mentioned the leap year as it affects the calculation of the year length, whether the extra day falls on a working day or not is irrelevant, the real significance is the number of paydays a weekly paid employee gets each year.  The cumulative affect of the year having 365.25 days in it rather than 364 (7*52) is that every so often a weekly paid employee has 53 paydays in a year.  These week 53s can fall in any year.  The rule is if your payday falls on April the fifth or in a leap year April the fourth or fifth then that payday becomes week 53.  A week 53 would be required even without leap years it would just happen a little less often. 

You wouldn't be able to point me in the direction of this information on an official website would you ? 
They seem to think I'm just making this stuff at work... 

H.

chrisbur

https://www.gov.uk/hmrc-internal-manuals/paye-manual/paye70015

Week 53 54 56 details in HMRC manual.