Work out severance pay instantly with clear inputs, formula shown and shareable results.
Severance is usually a set number of weeks of pay per completed year of service. Expressing it in months of salary is the useful comparison, since that is how long it will actually fund living costs.
Severance
Gross = weekly pay × weeks per year × years of service
Tax figures are estimates based on the rates, caps and thresholds you enter. Real rules differ by jurisdiction and change every year, and personal circumstances alter the outcome. This is not tax or financial advice — confirm with a qualified adviser.
Often partly exempt up to a statutory limit for genuine redundancy, with the balance taxed as income — rules vary.
No. Notice pay and redundancy compensation are separate entitlements and both may apply.