Finished occasion for higher rate of pay (8)
I believe the answer is:
overtime
'higher rate of pay' is the definition.
I can't tell whether this defines the answer.
'finished occasion' is the wordplay.
'finished' becomes 'over' ('over' can be similar in meaning to 'finished').
'occasion' becomes 'time' (I've seen this before**).
'over'+'time'='OVERTIME'
'for' acts as a link.
Can you help me to learn more?
(Other definitions for overtime that I've seen before include "Extra hours (at work)" , "Work in excess of fixed period" , "Extra hours worked" , "Hours worked and paid for beyond the usual amount" , "opportunity for supplementing income" .)