terminating employment & holiday pay

Joro20

I have a question regarding options of paying holiday pay. I have been working full time in a hotel for past 8 years, where I get 20 days holidays and 9 bank holidays over the year. This year I have only taken 2 days holidays so far as I am getting married in November and was planning on taking 1 month off then. The issue is I now have a business opportunity which I am extremely interested in and looks like I will start mid sept. I need to provide 4 weeks notice so rather than getting my holiday pay + my weekly salary over these last 4 weeks is it possible to spread it out over 3/4 week period once I have left? otherwise I will be taxed ridiculously! It is not possible to take the holidays between now and September as it is peak season in the hospitality industry.

Any suggestions??

Nody

The only way they can "spread it out" is to keep you on the books and if you hand in your resignation that's exactly what they don't want to do (also if you start another job you'd on paper work at two separate locations at full time which has it's own obvious issues).

toadfly

Are you on a week 1 basis? If not you should be fine and will get a tax refund from new employer once you submit P45 or call revenue and ask them to issue your P2C with previous earnings/tax.

davo10

Also OP, I'm sure you know this already but if you leave at the beginning of September, having already taken two days, you will be entitled to 12 days holiday leave on a pro rata accrual of time worked.

Mrs OBumble

OP, you will not be "taxed ridiculously". Yes, the tax will be applied when you leave. But once you have been out of work for 8 weeks, you will be able to claim it back. Can you start, but delay registering your interest in the business opportunity for a few weeks? Either that, or you will get it back early next year.

Joro20

Thank you for your replies, very helpful

glut22

Hi,

I am in a similar situation. I finished my job last week and am due to be paid on Thursday which will include about seven days holiday pay plus a week in hand. This will go over my usual monthly amount and I will also be 'taxed ridiculously' I wont be working in Ireland for the rest of the tax year.

Can it be claimed back in 8 weeks as said above?

Mrs OBumble

Yes - or even sooner if you contact Revenue once you have your P45, and tell them you're leaving the country. (If you're not leaving, they will probably make you wait the 8 weeks.)