Unused holiday pay calculator
Price unused annual leave from a day rate: remaining days times salary divided by working days. Also called leave encashment.
Price unused annual leave from a day rate: remaining days times salary divided by working days. Also called leave encashment.
Unused holiday pay = unused days × (annual salary ÷ working days in the year).
Each unused day is priced at the day rate. Five days of a £45,000 salary spread over 260 working days is £865.38. The working-day count changes the price of a day. This is a planning figure for leave encashment. It is not a statutory holiday-pay calculation, and it does not decide whether the company has to pay the days out.
Day rate is £45,000 ÷ 260 = £173.08. Five days × £173.08.
£865.38
0 × the day rate.
£0
Use the same year basis you use for a day rate elsewhere, and write it down. 260 ignores public holidays. A lower number raises the value of each unused day.
No. Pay for a day they are away and still employed is their normal pay. This page prices days that are left over, which is the question in a leave-encashment or leaver conversation.
Only if those days are part of the unused balance in your policy. If public holidays are separate, leave them out of the unused-day count.
You choose the day rate. This does not apply a statutory holiday-pay or leave-encashment rule.