Holiday pay is a percentage of the salary you earned last year. They are paid in June to replace missing pay during the holiday weeks.

Norsk versjon -Feriepenger

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

We translate holiday as your holiday leave from work - not as public holidays. Go to translator's notes.

Payment of holiday pay

• Holiday pay is paid out with your regular salary in June, regardless of when you take time off.
• 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 the holiday pay instead of taking holiday.
• Guide: How to read your payslip for June (dfo.no)

Example of how your June pay is calculated

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

Holiday pay is a percentage of last year's salary

You accumulate the basis for holiday pay in the year before it is paid. This means it's a percentage of what you earned last year:

• 12 percent for employees under the age of 60
• 14.3 per cent on salary up to 6 G for employees 60+.

Tax deduction in June

For most employees, there will be no tax deduction in June. 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 started working at NTNU after 1 January this year, you will receive your regular June salary with tax deductions.
• 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 holidays.

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.