Annual Holidays & Holiday Pay
Hey all, I have recently taken over payroll from the previous office manager, who has now retired. I asked a few questions about the payroll setup, but was told this is just how it's supposed to ...
Forum Discussion
Hi louisew1,
That certainly sounds confusing. But for NZ permanent salaried staff, it’s just right to have 4 weeks of Annual holidays and an 8% Holiday pay percentage in setup. The 8% is just an accrual that converts to weeks at the employee’s anniversary and shouldn’t be paid each pay; paying 8% each pay (pay‑as‑you‑go) is only for casuals or genuine fixed‑term employees under 12 months, so for permanent staff, ensure any “include holiday pay in each pay” option is off.
Regards,
Genreve
