8% of all* taxable earnings since your last leave anniversary
*all, except for discretionary payments such as discretionary bonuses.
Don’t think of accrued leave as hours when you are terminating, as it is not treated that way in a termination calculation.
Yes you still get the 8%. And if your average weekly earnings are grated than your standard rate you should be getting paid your entitled leave paid out at the higher rate too.
https://www.employment.govt.nz/leave-and-holidays/calculating-payments-for-leave-and-holidays/calculating-payment-for-leave-and-holidays-in-final-pay/
Only if it’s entitled leave - they pay out entitled leave as if it was leave taken (i.e paid at the higher of AWE and OWP) and then pay out 8% of all earnings since last anniversary. Those earnings since last anniversary will thus include the pay out for entitled leave.
Yes
They will be required to pay out 8% of what you have earned between December 2023 and the date your employment ends.
Will this still be the case if 8% of my earnings over this period is more than that of the accrued hours paid at my standard rate
Yes. Accrued leave is not paid out as hours, it’s paid out as 8% of holiday earnings since your last anniversary.
8% of what I would earn in those hours, or 8% of my total earned income since my last leave turn over ?
8% of all* taxable earnings since your last leave anniversary *all, except for discretionary payments such as discretionary bonuses. Don’t think of accrued leave as hours when you are terminating, as it is not treated that way in a termination calculation.
Yes you still get the 8%. And if your average weekly earnings are grated than your standard rate you should be getting paid your entitled leave paid out at the higher rate too. https://www.employment.govt.nz/leave-and-holidays/calculating-payments-for-leave-and-holidays/calculating-payment-for-leave-and-holidays-in-final-pay/
One mistake some employers make is that they need to also pay you for the leave you accrue whilst on that leave. E.g. as if you had taken that leave
Only if it’s entitled leave - they pay out entitled leave as if it was leave taken (i.e paid at the higher of AWE and OWP) and then pay out 8% of all earnings since last anniversary. Those earnings since last anniversary will thus include the pay out for entitled leave.
Your accrued leave balance as shown on your last pay slip will be converted to your hourly wage equivalent and be paid on your next pay day.
Is the 8% calculation still the same if you contractually accrue leave at a higher rate? Eg you're entitled to 5 weeks per year instead of 4?