Employees are paid a Statutory Bonus and a Weekly Allowance (based on this source: Bonus and Weekly Allowances) every 3 months, alternating between Statutory Bonus and Weekly Allowance. Such allowances are taxable.
- The Statutory bonus is paid in June and December each year and amounts to €135.10.
- The Weekly allowance is paid in March and September each year and amounts to €121.16.
On Talexio, users have the option to pay these bonuses to employees on a Part-Time schedule more frequently. To do so, go to settings and click on the Payroll tab.
There, users have the option to switch on a toggle that will distribute each of the two bonuses over three month periods rather than every six months. Having this switch turned on or off does not impact the the total amount of bonus received in a calendar year.
By default, this switch is turned off.