Holiday Pay Calculator

The Holiday Pay Calculator helps users determine their daily and hourly pay rates, total holiday pay, holiday hours accrued, and weekly and monthly holiday pay accrual based on their annual salary, working schedule, and employment type.

Use Our Holiday Pay Calculator

How to Use the Holiday Pay Calculator

This Holiday Pay Calculator is designed to help you determine the holiday pay and accruals based on your employment details. Follow this detailed guide to input your information and obtain accurate calculations.

Step 1: Enter Personal Salary Information

  • Annual Base Salary: Input your yearly salary amount in the designated field. This figure must be a positive number.

Step 2: Specify Working Schedule

  • Working Days Per Week: Enter the number of days you typically work in a week. Ensure that your entry is between 1 and 7.
  • Working Hours Per Day: Indicate your daily working hours. The acceptable range is between 1 and 24 hours.

Step 3: Define Holiday Entitlement

  • Number of Holiday Days: Enter the total number of holiday days you are entitled to per year. This number should be between 1 and 365.

Step 4: Select Employment Type

  • Employment Type: Choose between “Full-Time” or “Part-Time” from the drop-down options. This selection will factor into the calculation of your holiday pay.

Step 5: Review the Results

Once you have provided all the required information, the calculator will compute the following results:

  • Daily Rate: This is your daily earnings calculated by dividing your base salary by 260.
  • Hourly Rate: This figure is derived by dividing your daily rate by the number of working hours per day.
  • Total Holiday Pay: Calculated as daily rate multiplied by holiday days and adjusted by your employment type.
  • Holiday Hours Accrued: The total hours accrued from your holiday days based on your hours per day and employment type.
  • Weekly Holiday Pay Accrual: An estimation of how much holiday pay is accrued weekly.
  • Monthly Holiday Pay Accrual: This figure shows the holiday pay accrual on a monthly basis.

All financial outputs are formatted in GBP currency with two decimal places, while accrued hours include one decimal place and a suffix indicating “hours”.

By following these steps, you can easily calculate your holiday pay and accruals to better manage your finances and understand your employment benefits.