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How to work out prorate salary

ibarelycare · 2012-05-08 12:43:20

I can't seem to find any legislation on this for Ireland. I know in the UK they calculate it as follows: Gross salary/260 days*number of working days worked in the month. When I'm prorating a salary I take the gross salary, divide by 52, then divide by 5 and get their daily rate that way, even if they're paid on a monthly…

08-05-2012 12:43pm

#1

ibarelycare

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I can't seem to find any legislation on this for Ireland. I know in the UK they calculate it as follows: Gross salary/260 days*number of working days worked in the month.

When I'm prorating a salary I take the gross salary, divide by 52, then divide by 5 and get their daily rate that way, even if they're paid on a monthly basis. Can anyone tell me if this is correct or not?

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#2 08-05-2012 9:42pm

Wishbone Ash

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ibarelycare wrote: »

divide by 52

Divide by 52.18 as there are more than 52 weeks in a year.

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