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June -salary

Holiday payment is based on your last year’s wages (calendar year). The calculation and payment occurs in the month of June. In this connection it does not matter when you take your vacation.

In June your salary note will show ordinary monthly amount (“Bruttolønn”) in addition to your holiday payment (“Utbet. FP ord. I ferieåret”) based on your wages last year (12 %, or 14,3 % when you reach the age of 60). As you are allowed to take 5 weeks holiday (6 weeks after 60), the cost for 25 (or 30) days is deducted. You do not get both holiday payment and wages for the same period.

As to employees with various base information previous year (for example less than 12 month’s wages or different sizes of employment), the calculation will be proportional.

The deduction of your holidays (“Ferietrekk ordinært”) is based on your monthly salary divided by 21,67. This will be the cost for one day.

The salary amount of 5 (and 6) weeks is higher than one month’s salary, but the whole deduction is done in June. In July you again will get the normal monthly salary.

Tax is normally not deducted from the holiday pay, but the amount of holiday pay is included in the final tax calculation for the present year.

Publisert av Anne Grete Lindeland <anne.g.lindelandSPAMFILTER@uia.no> 22.02.2010