Holiday Pay (8%) Calculator
8% holiday pay on resignation or pay-as-you-go.
NZ$
NZ$
8% holiday pay owing
$3,300.00
Paid out on resignation if any leave is unused, or as 8% of every pay run for fixed-term <12-month contracts
| Gross earnings | $60,000.00 |
|---|---|
| Holiday accrual @ 8% | $4,800.00 |
| Already taken | −$1,500.00 |
| Owing | $3,300.00 |
About this calculator
On resignation, any annual leave accrued but not taken is paid out as 8% of gross earnings since your last anniversary date. The same 8% applies to fixed-term contracts of less than 12 months under "pay-as-you-go".
- 8% is the equivalent of 4 weeks paid leave per 52 weeks worked (4 ÷ 52 ≈ 7.69%, rounded up to 8%).
- Calculated on gross earnings before any deductions.
Frequently asked questions
Is the 8% holiday pay taxed?
Yes — it's ordinary income, taxed at PAYE rates as part of your final pay.
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Calculator NZ provides general information only. For decisions with significant financial, medical or legal consequence please consult a qualified professional.