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Termination Holiday 8% Part Year Payment

Using the As Per Act holiday pay method, I have an employee who has been employed for more than a year, receives four weeks holidays a year, and is terminating their employment. How do I pay 8% of gross for the part year period?

From the Pay Calculation Screen select the employee, then click the holiday pay field. You are then asked whether the employee is continuing or terminating their employment. Select Terminating. Ace Payroll knows the employee has been employed for more than a year from the employee start date. Confirm the number of days owing, and confirm the daily rate.

Enter the part year payment by clicking Part Year Percentage in the above screen. The following screen is shown.

In the above screen select the amount to pay for the part year. Note the following The percentage has defaulted to 8%, based on the 4 weeks annual entitlement. If the entitlement was 5 weeks, the percentage would have defaulted to 10%. This may or may not be what is required. Section 23 of the Holidays Act 2003 requires 8%, but an employment contract may provide for a greater amount. The employee start date, last anniversary date, and gross earnings since the last anniversary date are shown in the help message to assist with a manual calculation if required. An itemised report of the gross earnings since last anniversary is available from a link on the screen shown in step 1. If an amount had previously been entered in the dialog, the selection would have defaulted to Selected Amount.

More on processing holiday pays   52 week history not required   Annual compulsory closedowns   Holiday pay - daily rates   Changing holiday from 8% each pay   Using the leave calendar   Termination 8% Part Year Payment   Employee leave profile   Leave owing report is estimate   Taxing of holiday pay   Holiday pay miscellaneous   Alphabetical Index FAQ Questions FAQ Contents

More on the Holidays Act   Annual Leave Changes 2007 - Ace Payroll   No penal payments if called back from leave   Annual Leave Changes 2007 - Auckland Chamber of Commerce   Payments for statutory holidays   Holiday and leave contents   Holiday pay entitlements   Holidays Act 2003 full text   Annual compulsory closedowns   Relevant Daily Pay - Irregular Work Pattern   Holiday pay miscellaneous   Heinz Wattie day definition   ERS - How is holiday pay worked out?   Employment Relations Service FAQ's   Taxing of holiday pay   Employee can go fishing while sick   Public holiday entitlements   No holiday pay on redundancy   Time Bank   Annual leave accumulates until taken   How to manually change from 4 to 5 weeks   Alphabetical Index   Case Law

More on Public Holidays   Public Holiday Taken   Christmas New Year   Public Holiday Worked   Labour Day   Sick Leave On Public Holiday   Queen's Birthday   Default Provincial Anniversary   ANZAC Day   Public Holiday Calendar   Public holiday entitlements   Easter Holidays   Employment Relations Service FAQ's   Easter Sunday - Retailers and Retail Workers   Allowing alternative holidays   Waitangi Day   Time Bank   Alphabetical Index   Case Law

Other Leave Sections   Holidays Act 2003   Public Holiday Worked   Annual Holiday Payments   Time Bank   Public Holiday Entitlements   Alternative Holidays   Sick Leave   Holiday & Leave Contents   Public Holiday Taken   Annual Holiday Entitlements   Bereavement Leave

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Updated: 31st March 2010 Published: 4th January 2009