Holiday pay is a percentage of the salary you earned last year and is paid out according to an agreement between the unions and the state. More information about holiday pay below.

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Post from Innsida on holiday pay, June 2024

Topic page about salary | Topic page holiday | Pages labelled with salary

Payment of holiday pay

• How to read your payslip for June (dfo.no)
• Holiday pay is paid out in June. This is regardless of when you actually take time off. Payment schedule for salaries and refunds
• Holiday pay for additional wages paid (overtime, work paid by the hour, etc.) is also paid out in June.*If you were employed at NTNU for the entire last year, no tax will be deducted from your June salary (including holiday pay).

*If you started working at NTNU after January 1st, you will receive your regular June salary with tax deductions based on a percentage. Your salary will be reduced as you take your holiday.

How you earn your holiday pay

You accumulate the basis for holiday pay in the year before the holiday pay is paid. That's a percentage of what you earned last year: 12 percent for employees under the age of 60. For employees over the age of 60, there is 14.3 per cent on salary up to 6 G.

What is holiday deduction?

When holiday pay is paid out in June, you will be deducted for all of the year’s paid holidays. The remaining amount after this deduction will be paid out together with your regular monthly salary. You cannot choose to receive all the holiday pay instead of taking holiday.

Monthly salary in June

Employees with a fixed salary receive their regular monthly salary in June, in addition to the holiday payout.

Tax deduction in June

For most employees, there will be no tax deduction in June, and this is the main reason why the payout in June is significantly higher than in other months.

There are some exceptions:

• If you were not employed at NTNU for the entire previous year, your monthly salary will be taxed.
• If you are part of the PAYE scheme (source tax), you will have tax deductions as usual in June.

New employees

You have the right, but not the obligation, to take a holiday without accrued holiday pay. Your salary will be deducted when you take a holiday.

By resignation

The final settlement is paid out the month after the end date. It includes accrued holiday pay from last year and the current year. Employees who leave after the holiday settlement in June will be paid for any remaining holiday days.

How to calculate holiday pay

Learn more about how holiday pay is calculated (PDF)

Holiday pay is substituted for your regular salary

When you take a holiday, the days you are away are subtracted from your salary.

Your full holiday leave (25 work days) actually represents more than a full month of paid work (typically 22 work days), which means that your net salary for June is a negative amount. However, your holiday pay (if you have earned the full 25 days) more than covers this deduction and your gross pay in June is normally larger than your normal gross monthly pay.

Additionally, taxes are not deducted from holiday pay so that your net pay in June is generally larger than your usual monthly pay.

Example of how your June pay is calculated:

• Gross monthly pay in June: kr 30,000
• Holiday pay 12%: kr 38,000
• Deduction for 5 weeks of holiday (June pay x 12 months x 25 days / 5 days * 52 weeks): - kr 34,615
• Gross pay in June: kr 33,385

Employees over 60

Individuals who turn 60 during the course of a holiday year have the right to an extra week of holiday leave. These days can be used together, but not necessary with the rest of your holiday.

To cover the deduction for five extra holiday days, individuals over 60 are paid an extra 2.3% in holiday pay. The total rate is then 14.3 % within 6 x G. Holiday pay over 6 x G is still calculated with 12 %.

See also: Senior days

Employees on an hourly or monthly contract (via appointment and employment contract),

You will receive holiday pay accrued from last year in June, if it has not been paid out earlier. Hourly employees also receive regular pay in June (without holiday deduction). Hourly employees should not register holidays in the Self-Service Portal.

Contact information

Do you have questions or need help? Contact the Service center.