De Unie, in your interest

Your work and income

That's why you have to take vacation days or buy them off?

November 08 2022

It is important to take regular vacations. That is why everyone in the Netherlands is entitled to four weeks of vacation. In addition, many employers give extra days: the so-called non-statutory holidays. As important as it is to take a vacation, it is not always possible to get your days up. In such a case you can have them paid out. But does that actually make sense?

This is worth a holiday

To calculate what a vacation day is worth, add the following parts together:

  • the gross wage you earn in one day
  • all fixed allowances and allowances, such as:
    • holiday bonus
    • fixed thirteenth month
    • fixed year-end bonus
    • profit sharing
    • personal benefits you receive on a regular basis
    • commission you receive on a regular basis
    • bonus over a representative period

Incidental or variable surcharges, such as an expense or travel allowance, are therefore not included. In many cases the same applies to the employer's part of the pension premium.

When is it important how much a vacation day is worth?

Firstly, if you want to check whether you are getting enough salary. During your holiday you are entitled to just as much salary as usual. Do you feel that you have received too little? Please contact our legal advisors and we will look into it for you together.

The financial value of a vacation day also becomes relevant when you sell days, for example when you leave employment or have saved more than you can get. Do you agree with your employer that you will sell your vacation days? Then you have to get the right amount for that.

When can you buy off days?

If you leave employment, you can have all your vacation days surrendered by your employer: you will then be paid them with the final settlement. Aren't you going out of service? Then you can only have your holiday days in excess of the statutory entitlement, and not the days to which you are legally entitled. Redemption of your holidays in excess of the statutory minimum is only possible with your written consent.

Cashing out: wise?

We cannot of course tell you whether you have to have your vacation days paid out. But we can tell you what you should pay attention to. The most important thing to consider is the tax. You pay an increased tax rate on paid vacation days, while you pay the regular tax rate on the wages during a vacation day taken. In short: from a financial point of view there is less left of a holiday if you have it paid out. But how much is left depends on your situation and income. Your employer can help you calculate what you get in return for a holiday. Or contact our Service Center, we are also happy to take a look with you!

Not receiving our newsletter yet? Then sign up quickly.

More information

Do you have questions about vacation days paid or are you unsure what to do with your days? Our Service Center is ready for you. We are available every working day from 8.30 am to 17.00 pm via sc@unie.nl en 0345 851 963.

Related posts

Become a member for free