Holiday pay and holiday bonus (lomaraha) in Finland 2026
The holiday bonus (lomaraha) is typically 50% of holiday pay and is based on the collective agreement — it is not required by law. Holiday pay itself is statutory: for a monthly-paid employee it is the normal salary during the leave, and the value of a single leave day is the monthly salary divided by 25.
Annual leave accrues at 2 days per month in an employment under a year and 2.5 days per month over a year, i.e. a maximum of 24 or 30 leave days. Below are the accrual, the holiday-pay calculation and the amount of the bonus.
- 50%
- bonus of holiday pay
- 2–2.5
- leave days / month
- 24–30
- leave days / year
- ÷ 25
- leave-day value (monthly pay)
How is holiday pay calculated?
Leave accrues over the holiday-credit year (1 Apr–31 Mar) for a full month with at least 14 working days or 35 hours. For a monthly-paid employee, holiday pay equals the normal salary during the leave, and the value of a single leave day is the monthly salary divided by 25. For hourly and commission pay, holiday pay is percentage-based.
| Situation | Accrual / calculation |
|---|---|
| Employment under 1 year (by 31 Mar) | 2 leave days / month, max 24 |
| Employment over 1 year | 2.5 leave days / month, max 30 |
| Monthly-paid, holiday pay | Normal salary; a day = monthly pay ÷ 25 |
| Hourly/commission, under 1 year | 9% of the holiday-credit-year pay |
| Hourly/commission, over 1 year | 11.5% of the holiday-credit-year pay |
What is lomaraha and is it mandatory?
The holiday bonus (lomaraha) is typically 50% of holiday pay. For example, if your holiday pay is €2,000, the bonus is about €1,000. It is based on the collective or employment agreement and is not statutory, so it is not paid in every sector — but in most it is.
Is lomaraha taxed?
Yes. Both holiday pay and the bonus are taxable earned income and are counted on top of your annual income, so tax is withheld at your marginal rate. In practice, relatively less of the bonus is left in hand than of the base salary.
Calculators for this topic
FAQ
How much is the holiday bonus?
Most often 50% of holiday pay. If your holiday pay is €2,000, the bonus is about €1,000. The exact amount and terms depend on your sector’s collective agreement.
Is the holiday bonus mandatory?
It is not statutory. Holiday pay is required by the Annual Holidays Act, but the bonus is based on the collective or employment agreement. In most sectors it is paid, however.
How much leave accrues?
2 working days per month if employment has lasted under a year (max 24 days), and 2.5 days if over a year (max 30). Leave accrues for a full holiday-credit month.
What is the difference between holiday pay and the bonus?
Holiday pay is the salary you get during the leave (statutory). The bonus is a separate addition, typically 50% of holiday pay, based on the collective agreement.
Is the holiday bonus taxed?
Yes, both holiday pay and the bonus are taxable earned income. They are counted on top of annual income and taxed at the marginal rate.