feriepengegrunnlaget

Feriepengegrunnlaget is a Danish term that translates to "holiday pay basis" or "holiday pay fund." It refers to the amount of salary or wages upon which holiday pay is calculated. In Denmark, employees are entitled to holiday pay, which is a percentage of their earned salary during a specific holiday period. This percentage is typically 12.5% of the feriepengegrunnlaget.

The feriepengegrunnlaget includes various forms of remuneration received by the employee. This generally includes the regular salary, but can also encompass other benefits and payments such as overtime pay, bonuses, and certain allowances. However, it's important to note that not all types of income are included in the feriepengegrunnlaget. For instance, reimbursements for expenses incurred in connection with employment are usually excluded.

The feriepengegrunnlaget is accrued over a holiday year, which in Denmark runs from September 1st to August 31st. The holiday pay earned during this period is then paid out when the employee takes their holiday in the subsequent holiday payment year, which runs from September 1st to December 31st of the following year. Employers are responsible for calculating and withholding the holiday pay from the feriepengegrunnlaget and paying it into a holiday fund or directly to the employee. This system ensures that employees receive financial support during their vacation periods.