Holiday Pay

The holiday accrual percentage is based on the current statutory minimum holiday entitlement which a worker is entitled to (including all bank and public holidays). The current rate is 12.07% and this percentage is arrived at by the following calculation:

5.6 (weeks) divided by 46.4 (the remainder of the leave year after deducting the 5.6 weeks) multiply by 100 = 12.07%.