“Those who are already looking forward to extra pay will be disappointed…”

Some have already received it, others are impatiently waiting for it. This is obviously the holiday pay. Well not only because this term actually covers two meanings: single and double holiday pay.

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  • Simple holiday pay is payment for legal paid leave.
  • Double holiday pay is a bonus that employees and workers generally receive in May or June. It represents 92% of the gross monthly salary of the month in which the calculation is carried out, often this is done around March or April of the current year, and is multiplied by your employment percentage of the previous year.

Be careful, however, not to have too many false hopes about the amount that will arrive in your bank account. “Those who are already looking forward to an additional monthly salary will be disappointed,” recalls Acerta in the columns of the Flemish newspaper Het Belang van Limburg.

Pay attention to tax

Yes, even if it’s always nice, you must not forget that your vacation pay is more heavily taxed than your gross monthly salary.

For people who have recently resigned, the month of paying the nest egg is probably not your favorite. In fact, you already received vacation pay when you left your job. This amount is based on the number of vacation days you have not yet taken and the vacation entitlements accrued for the coming year. Your new employer can also pay you holiday pay, deducting the amount already received.

Not the same

When it comes to vacation pay, workers and employees are not in the same boat.

“The first receive a payment from the National Annual Vacation Office (ONVA), a public institution. The amount includes the “simple nest egg”, namely the sum that the worker would have received if he had worked, and the “double nest egg” which represents 15.38% of the gross annual remuneration of the previous year,” explains Marta Sequeira Pereira, lawyer at Securex.

This two-part nest egg paid by ONVA between 1er May and June 30. When the worker actually takes his leave in July or August, his employer does not pay him any remuneration since he has already received it from the Office.

This year, workers will benefit from a slightly larger nest egg, as Amandine Boseret, lawyer for Acerta, indicates: “In spring 2023, workers had lost nearly 10% of their nest egg compared to employers because theirs had been calculated on the previous year, but salary indexations due to high inflation had not yet taken place. From a tax perspective, the loss of 10% was a little less because workers are taxed a little less than employees in terms of their savings.

As for employees, “the double pay represents 92% of the gross monthly remuneration of the preceding month. This calculation takes into account fixed remuneration, but also benefits in kind, commissions, bonuses and others from which the worker benefits,” explains Marta Sequeira Pereira, lawyer at Securex. Unlike workers, double pay is paid by the employer, generally during the period from April to June. There may be exceptions. Simple pay is granted when the leave is actually taken, and not in advance as for workers.

“The double nest egg is taxed a little less than the 13e month which is paid at the end of the year,” adds Amandine Boseret, lawyer at Acerta. An adaptation mechanism is planned, as Marta Sequeira Pereira of Securex recalls: “Certain sectors, such as metal construction, provide for salary indexation in July. But this cannot be integrated early into the nest egg paid in April, May or June. A new calculation of the nest egg is therefore carried out in July or August with the payment of a supplement.

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