Severance and Notice Pay Calculator

Calculate your gross and net severance and notice pay based on length of service, dressed gross wage and the severance pay ceiling.

How is it calculated?

Severance pay requires at least 1 year of service. For each full year, 30 days of dressed gross wage are paid; periods beyond full years are calculated pro rata.
Dressed wage = monthly gross salary + monthly meal/transport + annual bonus ÷ 12 + other annual earnings ÷ 12.
The wage used for severance pay cannot exceed the severance pay ceiling in force on the termination date. Only stamp tax is deducted from severance pay.
Notice period: 2 weeks for less than 6 months of service, 4 weeks for 6 months - 1.5 years, 6 weeks for 1.5 - 3 years, 8 weeks for more than 3 years. Income tax and stamp tax are deducted from notice pay.

These calculations are for information purposes only; please consult an expert for final figures.