Payroll experience? please check my. Holiday pay

(7 Posts)
dadap Fri 23-Mar-18 06:41:38

Hi
Previous employers have deducted one days holiday - as I had used one day more than My entitlement for the period I was there. I am querying the amount which was £97 gross.
My annual salary is £25,000.
Can anyone shed light on the formula used.
Thanks

OP’s posts: |
allthekingsshoes Fri 23-Mar-18 06:48:28

How many hours per week are you contracted to work and what is a day in this context?

PositiveAttitude Fri 23-Mar-18 07:00:25

If you work 5 days a week that is roughly correct. I would work it out as £96.15 to be exact, but maybe they round up to nearest £.

5 days a week is 260 days a year (5 x 52) then divide £25,000 by 260 = £96.15 to get the daily rate of work.

Rejoiner Fri 23-Mar-18 07:01:42

Assuming you work 5 equal days per week then it’s correct as this is your day rate

Days per year = 52x5 = 260

25000/260 = £97 rounded up to the nearest £

mrspapalazarou Fri 23-Mar-18 07:01:55

Seems to be 25000 / 260. Where 260 is the number of working days in a year (52wks x 5days) inc bank hols

RJnomore1 Fri 23-Mar-18 07:07:06

They're a pound out.

There's 52.14 weeks in a year. You earn £479.48 a week.

If you work 5 days that's £95.90 per day.

Of course if you work 3 or 6 days for example that changes up or down.

I do these calculations for my team too often quite a lot

dadap Fri 23-Mar-18 13:31:41

Thank you everybody - yes I work 5 days - so it's correct !

OP’s posts: |

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