Holiday pay

In some jurisdictions, holiday pay is an allowance which an employee earns through work in the calendar year prior to the year of the holiday. It is usually a percentage supplement to the salary that has been paid the year before the holiday pay is to be paid.

Holiday pay is a legal term in Norway (feriepenger), Sweden (semesterlön), Denmark (feriepenge), Belgium and the Netherlands (vakantiegeld, pécule de vacances), Germany and Austria (Urlaubsgeld).