We pay freelance workers rolled up holiday pay (yes I know it’s technically illegal) and currently calculate it as 24/260 th’s of their gross pay, i.e. based on 52 5 day weeks.
I’ve recently seen it calculated as 24/236 th’s of gross pay, i.e. based on 52 5 day weeks less the 24 days holiday.
Is there a “correct” way?
Thanks for your help.
Kenneth
Kenneth Osborne
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