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Severance and Notice Pay Calculator

Work out your severance pay, notice pay and untaken annual leave from your start and end dates and your gross wage including benefits.

Severance pay is calculated on 30 days of gross wage including benefits for each full year of service. The tool below calculates severance pay, notice pay according to the notice period, and pay for untaken annual leave together, and shows the stamp duty deduction separately.

Calculator

Fill in the fields and the result updates instantly.

If given in kind, its cash equivalent
Regular payments; divided by 12 and added to the monthly figure
The ceiling in force on the date of termination. Can be updated from the admin panel.

How the calculation works

  • Severance pay: Gross wage including benefits × total years of service. Part-years are apportioned by day. The result cannot exceed the severance ceiling in force on the date of termination.
  • Notice pay: Two to eight weeks' wages according to service (up to 6 months 2 weeks, 6–18 months 4 weeks, 18–36 months 6 weeks, over 36 months 8 weeks).
  • Annual leave pay: Number of untaken days × daily gross wage.
  • Deduction: Only stamp duty of 0.759 per cent is deducted from severance pay; no income tax or social security premium is withheld.

What is the gross wage including benefits?

It is found by adding to the bare gross wage the monthly share of regularly recurring side payments (travel, meals, bonuses, social assistance). Overtime, annual leave pay and one-off bonuses are not included in this calculation.

Common questions

Questions about this tool

3 questions
How much is notice pay?+
It varies with your length of service: 2 weeks for under 6 months, 4 weeks between 6 months and 18 months, 6 weeks between 18 months and 3 years, and 8 weeks' gross wage for more than 3 years.
What is the severance ceiling?+
It is the statutory upper limit on the severance pay payable for each year, updated in January and July. Where an employee's wage including benefits is above the ceiling, the calculation is made on the ceiling.
Is this calculation exact?+
No, it gives an estimate. The exact figure depends on the items in the payslip, the form of termination, the ceiling in force and the particulars of your file.

This tool is for information; it is not legal advice. Speak to a lawyer before acting on the result. Request a consultation →

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