Calculate Organisation of Working Time Act statutory annual leave (4 weeks / 8% rule), 10 public holidays entitlements, and accrued holiday pay.
Statutory working time entitlements
\text{Annual Leave (8\% Rule)} = \min\Big(4 \times \text{Weekly Hours}, \text{Annual Hours Worked} \times 8\%\Big) \\
\text{Full-Time Statutory Leave} = 4 \text{ Working Weeks (20 Days)} \\
\text{10 Public Holidays Entitlement} = 10 \times \text{Normal Daily Pay} \\
\text{Worked Public Holiday Premium} = \text{Public Holiday Pay} + (\text{Additional Day's Pay or Day Off}) \\
\text{Accrued Leave Encashment} = \text{Unused Leave Days} \times \text{Normal Daily Wage}Under the Organisation of Working Time Act 1997, statutory annual leave is calculated under the most beneficial of 3 methods: 4 working weeks if you work 1,365+ hours; 1/3 of a working week per calendar month with 117+ hours; or 8% of total hours worked (capped at 4 working weeks). In addition, employees qualify for 10 official public holidays per year.
All calculations, amortizations, and scenario projections displayed on this page are strictly for informational and educational purposes. Nothing herein constitutes investment, financial, tax, or legal advice. Actual Central Bank of Ireland mortgage caps, Revenue PAYE/USC/PRSI rules, and lender criteria may vary. Calconova explicitly disclaims all liability for any decisions taken based upon these calculations. Consult a qualified financial advisor, CPA, or Irish Revenue documentation prior to executing financial commitments.
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