Work out the Finnish holiday bonus (lomaraha) and holiday pay from a monthly salary — and see what the holiday costs the employer.
Holiday accrues 2 days/month (employment under 1 yr) or 2.5 days/month (at least 1 yr) — a full year = up to 30 days.
The calculator is indicative. Holiday pay for a monthly-paid employee: monthly salary ÷ 25 × holiday days. The holiday bonus (lomaraha) is not statutory; it is based on the collective agreement — usually 50 % of holiday pay. Check your own percentage in your sector's TES.
Three terms around the holiday season are easy to mix up. In short:
Pay for the annual holiday. For a monthly-paid employee it is effectively the same as normal pay — the holiday must not reduce earnings.
A separate supplement paid around the holiday. Not based on law but on the collective agreement — in most sectors 50 % of holiday pay.
Holiday compensation (lomakorvaus) is the third term: it is paid for untaken holiday days, e.g. when employment ends. Its calculation basis is the same as holiday pay.
Source: Occupational Safety and Health Administration — Holiday pay
Holiday is earned during the holiday credit year (1 Apr–31 Mar). The accrual depends on how long employment has lasted:
A full qualifying month = at least 14 working days or 35 working hours.
Holiday days are counted as weekdays (Mon–Sat), not calendar days.
Source: Annual Holidays Act 162/2005, §5
Disclaimer
The calculator is indicative. Holiday pay is computed with the general monthly-pay formula (salary ÷ 25 × days); the actual calculation may follow your sector's collective agreement, and supplements (evening, night, Saturday) can affect the amount. The bonus percentage (default 50 %) varies by TES. Based on the Annual Holidays Act (162/2005) and established TES practice. Confirm your own situation with payroll.
Talous SK
We calculate holiday pay, bonuses and compensation correctly under the collective agreement and file on time. Book a free assessment.
