I'm currently being paid for my contract under PAYE, so the agency deducts a portion of my hourly rate in order to pay my holiday pay under the WTR regulations...
The 'Hourly Rate' is £24.21. This is not the actual hourly rate before tax, because the agency deducts £97.79 after a 37.5 hour week and each week credits my holiday account with 4.53 hours, so when I'm not working they can pay me, presumably at £97.79/4.53 = £21.60 per hour.
This makes sense because my overall hourly rate £24.21 x 37.5 = £907.88, minus the agency deduction of £97.79 for 4.53 hours of holiday pay at £21.60 per hour leaves £810.09, which spread out over the 37.5 hours worked is £21.60.
However, on the recent bank holiday, the client was paying an advanced rate of triple time, with the other four days at normal rates. The agency knocked off £136.91 this time, but still only credited me with the 4.53 hours of holiday pay, so I've lost £30.22 for each hour accrued.
I'm concerned that this will potentially result in me being stiffed when it comes to the time for me to take holiday because I've paid more per hour for it, but they won't be paying my holiday at the enhanced rate, just my normal rate of £21.60 per hour.
My questions before I go to the agency...
Is this correct, or should the agency have accounted for triple holiday entitlement for that day [total of 6.34h ((4.53/5) x 7) for the week]?
Am I entitled to get the full cash amount I paid in back as holiday pay, or just however many hours I've accrued at 4.53 hours per week at the normal rate of £21.60 per hour?
Thanks
The 'Hourly Rate' is £24.21. This is not the actual hourly rate before tax, because the agency deducts £97.79 after a 37.5 hour week and each week credits my holiday account with 4.53 hours, so when I'm not working they can pay me, presumably at £97.79/4.53 = £21.60 per hour.
This makes sense because my overall hourly rate £24.21 x 37.5 = £907.88, minus the agency deduction of £97.79 for 4.53 hours of holiday pay at £21.60 per hour leaves £810.09, which spread out over the 37.5 hours worked is £21.60.
However, on the recent bank holiday, the client was paying an advanced rate of triple time, with the other four days at normal rates. The agency knocked off £136.91 this time, but still only credited me with the 4.53 hours of holiday pay, so I've lost £30.22 for each hour accrued.
I'm concerned that this will potentially result in me being stiffed when it comes to the time for me to take holiday because I've paid more per hour for it, but they won't be paying my holiday at the enhanced rate, just my normal rate of £21.60 per hour.
My questions before I go to the agency...
Is this correct, or should the agency have accounted for triple holiday entitlement for that day [total of 6.34h ((4.53/5) x 7) for the week]?
Am I entitled to get the full cash amount I paid in back as holiday pay, or just however many hours I've accrued at 4.53 hours per week at the normal rate of £21.60 per hour?
Thanks
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