53 pay days

[Paulusmaximus]

Just wondering if anyone can help me.

If you have a fixed annual salary of say €52,000 and you are agreed to be paid weekly €1,000, what happens in the year where there is 53 pay days.

I know for tax purposes there is a provision for additional tax credits/cut off point but is an employer obliged to pay the extra €1,000 in the year and effectively pay you €53,000 in that year rather than the €52,000 that is in your contract?

From an employee's view, they would see it as them effectively working a week for free!

[AARRRGH]

You still have an annual salary of €52,000.

Whether they pay you weekly, monthly or daily is irrelevant.

[padser]

Depends on whether your salary is €52,000 or €1,000 weekly

If its the former, then its irrelevant how many weeks there are in the year, if its the latter (less likely) then you are paid weekly, and although you will technically receive 53 payments, they relate to 53 weeks of work (not 365 days so to speak)

[Paulusmaximus]

Agree with both posts above in theory.

however, it is reasonable to assume that if you have an annual salary that if you are paid monthly you will receive 12 equal payments, and weekly 52 equal payments.

When there are 53 pay dates surely your weekly salary would be €981.13 (€52,000/53). If an employer pays you €1,000 a week for say 47 weeks of the year it is then fair and reasonable to assume that you will be paid this every week of that year.

Also, contracts will say that your "annual salary is x and is to be paid weekly". It would then be expected that you receive pay each and every week and that there shouldn't be a week when you are not paid.

[AARRRGH]

Originally Posted by Paulusmaximus

Agree with both posts above in theory.

however, it is reasonable to assume that if you have an annual salary that if you are paid monthly you will receive 12 equal payments, and weekly 52 equal payments.

When there are 53 pay dates surely your weekly salary would be €981.13 (€52,000/53). If an employer pays you €1,000 a week it is then fair and reasonable to assume that you will be paid this every week of the year.

Also, contracts will say that your "annual salary is x and is to be paid weekly". It would then be expected that you receive pay each and every week and that there shouldn't be a week when you are not paid.

Does your contract say your salary is X, or does it say you will be paid Y per week?

If it says your salary is X but you are paid weekly, you should only get X per year.

[smccarrick]

My annual pay is (blah- I'm not telling you). I am paid every second Thursday by bank transfer. The calculation for my payment is my annual payment divided by 26.09 (takes into account the leap year etc).

[Paulusmaximus]

Originally Posted by smccarrick

My annual pay is (blah- I'm not telling you). I am paid every second Thursday by bank transfer. The calculation for my payment is my annual payment divided by 26.09 (takes into account the leap year etc).

Based on this, would i be right then in assuming that each year your P60 does not match your annual salary? that in the years when there are 26 pay days you are paid less, but every so often there is a 27th pay day and you are paid more?

Your employer then has taken reasonable steps to ensure you are paid fairly and are paid the same amount each fortnight.

just to be clear, the above example hasn't happened me, its something that i had heard and i'm curious as to the correct treatment and thought it could creat an interesting debate as there can be arguements from both sides.

[smccarrick]

Originally Posted by Paulusmaximus

Based on this, would i be right then in assuming that each year your P60 does not match your annual salary? that in the years when there are 26 pay days you are paid less, but every so often there is a 27th pay day and you are paid more?

Correct. My P60 has never ever matched my annual salary.