Holiday Pay
There are many factors that determine your actual entitlement. However, these are key points in the process.
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This is, generally, payable for holidays you have become entitled to but not taken or taken but not paid in the 12 months before insolvency. (This means, if you have worked half of your holiday year, you will be due half of your annual entitlement less the number of days you have actually taken and for which you have been paid).
Unless your contract of employment specifically allows holidays to be carried forward and they must be taken into account in the relevant holiday year.
Up to a maximum of six weeks holiday pay can be paid
Payment is subject to a statutory limit of £700 a week from 6 April 2024 (prior to that date, the limit was £643).
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Payment is subject to deduction of tax and NI.
For impartial, in-depth, one-to-one advice
contact us on 0161 438 8555 or
by email to info@jldllp.co.uk
