Annual Leave Allowance Calculator
Calculation Parameters
Select your hire date for pro-rata calculation
Legal Framework
Calculation Rules
- Salaried employees: Allowance equals half (1/2) of monthly salary
- Daily-wage workers: Allowance equals 13 daily wages
- Proportional (pro-rata) calculation for less than one year of service
Legal References
- Law A.N. 539/1945: Fundamental law for annual leave of employees
- Law N. 4504/1966 (Article 3, para. 16): Right to leave allowance
- Law N. 4808/2021: Timing of leave and allowance payment
Annual Leave Allowance Calculation 2026: Know Your Entitlement
Use the online leave allowance calculator to accurately find the amount you'll receive in 2026. The calculation incorporates the latest changes to minimum wage (€880 from 1/4/2025) and labor legislation provisions.
How is Leave Allowance Calculated?
Leave allowance is calculated differently depending on employment type:
- For salaried employees: Equals half (1/2) of monthly salary for full year of service
- For daily-wage workers: Corresponds to 13 daily wages as maximum limit
- For less than one year of service: Proportional (pro-rata) calculation based on days worked
What Does Labor Legislation Stipulate?
According to Law A.N. 539/1945 and Law N. 4504/1966, every employee in the private sector is entitled to leave allowance:
- Allowance is prepaid along with vacation pay at the start of leave
- Minimum wage 2026: €880 → Allowance: €440 (Gross) for full year of service
- Cannot exceed half of monthly salary (salaried) or 13 daily wages (daily-wage)
Leave Allowance and Part-time Employment
Part-time employees are entitled to leave allowance proportional to their earnings, adjusted to their working hours. If paid monthly salary, allowance equals half (1/2) of your actual monthly salary.
Important Notice
Disclaimer: Calculations and information are provided for informational and educational purposes only and do not constitute investment, financial, or legal advice. While we strive for accuracy, results may contain errors or be based on assumptions that may not apply to your situation. Use of these tools is at your own risk. We shall not be held liable for any financial losses or damages arising from the use of this data. Always consult with a certified professional before making any financial decisions.
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