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Payroll Services
Umbrella Company
Candidates >> Payroll Services >> Holiday Pay
 

Under an amendment to the European Working Time Regulations 1998, from 1st April 2009 a contractor is entitled to 28 days paid leave per complete leave year, inclusive of bank and public holidays. The accrued element will be displayed on payslip's as "Holiday Days Accrued" and "Holiday Pay Accrued".

  • The holiday pay year will run from 1st January to 31st December each year.

  • The contractor accrues holiday pay from day 1 of the contract.

  • A contractor will accrue 0.603 days holiday per week.

  • A contractor will accrue 12.07% of their pre-holiday rate pay per week.

  • The contractor will receive holiday pay for the number of days they have taken (up to the amount that has been accrued).

  • Monthly, any holiday taken that has not been paid, will be paid to the contractor.

  • Any holiday not taken within the holiday year will be lost. However if a contract is terminated any accrued holiday unpaid at that point will be paid to the contractor.

 
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