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Minimum required statutory holiday pay is automatically calculated as a percentage of the salary component (equivalent to 5.6 weeks annual leave). Holiday pay can be processed in two ways:
01Calculate & Pay Immediately
Holiday Pay will be calculated and paid to the contractor each period and taxed at the time of paying. You can set the system to calculate the holiday pay only on National Minimum Wage or the entire earnings.
02Calculate & Retain
Holiday Pay will be calculated on the National Minimum Wage and will be retained by you each week. You will pay the contractor from the accrued funds when he/she requests.
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Accentra Umbrella Suite
