I has a new job! Explain final pay and holidays

  • Thread starter Thread starter Deleted member 651465
  • Start date Start date

Deleted member 651465

Deleted member 651465

Hi all,

I've just been successful in getting a new job, so I'm waiting for the official letter confirming my offer before handing in my notice at my current place of work. Pretty happy with myself tbh as the job is within the NHS and should see more opportunities and money coming my way :cool:

Anyway, I know almost nothing about holiday pay or how it's all calculated, accrued etc so forgive the stupid question. What happens to my final pay? How do they work out how many days holidays are paid in the final wage?

No one at my current employment knows I'm leaving yet and I only have to give 1 weeks notice so I don't want to ask the wages department for advice as the cat would be out of the bag, and I want a smooth final few weeks.

If I were to take a week off in the next few weeks or so to prepare for the new role, then hand my notice in, would it backfire? Would I find out I owe them days because I'd taken more days than I'd accrued / was entitled to.

I'm not being coherent here, but I can't work out a better way to put it :D

I work to a weekly wage at the moment, and I'll be moving to a monthly pay system, hence my concern. That's 6 weeks without a wage! it's not imperative that I take any holiday, merely just a "what if" scenario.
 
Holiday entitlement is calculated annually, an accrued. So if you only work 6 months of your year (be it a calendar or tax year) you only get half your holidays. Anything taken over that and they will deduct it from your final pay.

Remember your probably a week in hand, maybe more.
 
EVH said:
If I were to take a week off in the next few weeks or so to prepare for the new role, then hand my notice in, would it backfire? Would I find out I owe them days because I'd taken more days than I'd accrued / was entitled to.
Click to expand...

I've done this. Walked up with a holiday form, let my team lead sign it, then handed him my notice. He was not best pleased, but I hated it there so didn't really care. Probably burned a bridge or two. Not done it since and probably wouldn't either.

Point being you shouldn't do this if you're a professional and want to keep on good terms. Likely your months notice is already short enough for your previous employer and if you ask for time of then hand in notice, it'll probably sour the waters and they can pull the holidays if they like anyway.

That said back to your original question, depends when your holidays reset. Mines usually reset in Jan, but I believe I've had some reset in April before. Either way as the other poster suggested, they accrue over time, so if you've used more you'll pay, if you have some accrued, they will.

P.S. If you don't think they need a months notice from you, either talk to them or write your resignation letter with that in mind.
 
i think if you get paid weekly, you work week in advance, which means you employer keeps week of your wages. final pay will be holidays earned+1 week's wages paid one week after you leave.
 
if you work 5-6 days a week you get 28 days a year minimum

if you work less than 5 days a week multiply how many days a week you work by 5.6 (so someone working 2 days a week can have 11.2 days holiday)
 
How many days of leave are you granted each year?
When does your leave year start / end, ie is it from Jan to Dec?
How many days have you taken so far this year?
Did you carry any forward from last year?

Once you provide the above, it is easy enough to work out your position.
 
EVH said:
Hi all,

I've just been successful in getting a new job, so I'm waiting for the official letter confirming my offer before handing in my notice at my current place of work. Pretty happy with myself tbh as the job is within the NHS and should see more opportunities and money coming my way :cool:

Anyway, I know almost nothing about holiday pay or how it's all calculated, accrued etc so forgive the stupid question. What happens to my final pay? How do they work out how many days holidays are paid in the final wage?

No one at my current employment knows I'm leaving yet and I only have to give 1 weeks notice so I don't want to ask the wages department for advice as the cat would be out of the bag, and I want a smooth final few weeks.

If I were to take a week off in the next few weeks or so to prepare for the new role, then hand my notice in, would it backfire? Would I find out I owe them days because I'd taken more days than I'd accrued / was entitled to.

I'm not being coherent here, but I can't work out a better way to put it :D

I work to a weekly wage at the moment, and I'll be moving to a monthly pay system, hence my concern. That's 6 weeks without a wage! it's not imperative that I take any holiday, merely just a "what if" scenario.
Click to expand...

I'd save your holiday and take is as a part of final payment if possible.

I'm doing this, and have asked for a final total from HR so if it doesn't match I'll have something to dispute. In my case it's only 2.5 days, but every little counts :D
 
EVH, as you're NHS, newcomers get 27 days off per year. 5 years service gets you 29 days. 10 years service gets you 33 days! +8 bank holidays in all case scenarios, or +8 days in lieu if you have to work through them. Holidays reset in April as they work on the normal financial year.

Congrats btw :-)
 
If your company does Holidays Apr-Apr then youd be looking at what, approx 5/6's of your holiday entitlement. Take away whatever you've already used this year.

any left over you'll get yer standard wage for, in the negative? You owe them and will be deducted from your final wage.
 
You can work out your accrued holiday if you know your holiday entitlement.

For example:

25 days holiday.
12 months work
= 2.083 days accrued per month.

If you have worked, say 8 months you will have accrued 16.6 days (16 & 1/2 days) to use.

If you have used less than this, whatever is owed will be paid with final salary. If you have used more, and your payroll department is switched on to check this, it will be deducted (taken back) out of your final pay.
 
aln said:
I've done this. Walked up with a holiday form, let my team lead sign it, then handed him my notice. He was not best pleased, but I hated it there so didn't really care. Probably burned a bridge or two. Not done it since and probably wouldn't either.
Click to expand...

They can revoke your holiday in those circumstances. Some places have a standing "no holiday while on notice" policy.

What OP was suggesting was take a week's leave, come back, hand in week's notice. Which is fine. Personally, I'd save the leave and keep the cash to tide me over the weeks with no pay.
 
You must log in or register to reply here.
Back
Top Bottom