Annual Leave Cash-Up Calculator

This calculator estimates the after-tax value of cashing up part of your annual leave in New Zealand, so you can weigh a lump sum now against keeping the time off. Under the Holidays Act you can generally ask to cash up up to one week of your annual entitlement each year, provided your employer agrees and you keep the legal minimum for genuine rest, and this tool turns that entitlement into a real dollar figure. You enter your gross weekly pay, the number of days of leave you want to cash up, and the tax rate that applies to the payment, choosing from 17.5%, 30%, 33% or 39% depending on your income. The calculator works out your daily pay from your weekly figure, multiplies it by the days you have chosen, and applies your selected rate to show three results: the gross cash-up amount, the tax deducted, and the estimated cash you would actually receive in hand. Because a cash-up is paid on top of your normal wages, it is often taxed at a higher rate for that pay period, even though the year-end square-up settles your overall tax position. Use the result to compare the immediate cash against the value of a week's rest before you ask your employer to approve it. This is an estimate for planning purposes only, not tax or employment advice.

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You can generally cash up to one week of annual leave a year, with your employer agreement, and must keep a minimum for rest. Cash-up is taxed as income and is often taxed at a higher rate for the period, with the year-end square-up settling the overall tax. Estimate only, not tax advice.