Final pay is everything your employer owes you when you leave: outstanding wages, unused leave, notice and any redundancy. This page totals the lot and links to the calculator for each part.
| Component | Formula | Value |
|---|---|---|
| Years of continuous service | start to end | 1.00 yrs |
| Base notice (s.117(3)) | ≤1 yr | 1 wks |
| Age bonus (s.117(3)(b)) | +1 wk if 45+ with 2y+ service | No |
| Total notice | base + age bonus | 1 wks |
| Weekly base pay | 38h × $35.00 | $1330.00 |
| Payment in lieu (PILON) | 1 × $1330.00 | $1,330.00 |
| Casual exclusion | s.123(1)(c) | Not applicable |
Disclaimer: This tool does not constitute legal or financial advice. Results may be inaccurate due to changes in legislation or your circumstances. This tool does not constitute legal or financial advice. We do not recommend taking actions based solely on these results. The calculator makes assumptions and results may be inaccurate due to changes in legislation, modern awards, or your personal circumstances. You use this information at your own risk. We can't guarantee to be perfect, so do note you use the information at your own risk and we can't accept liability if things go wrong. For official guidance, visit Fair Work Ombudsman (fairwork.gov.au). Fair Work Ombudsman.
Your final pay is the sum of several separate entitlements, each worked out its own way and paid in your last pay run (or within the time your award or agreement sets). The five components below are what to add together:
One thing that is notpaid out: unused personal, sick or carer's leave. The calculator above totals only the components you are actually owed.
“Termination pay” and “final pay” describe the same money. The part people search for separately is notice. Under section 117 of the Fair Work Act 2009 an employer ending your employment must either let you work out a minimum notice period or pay it out in lieu, at the full rate you would have been paid for those hours.
The minimum runs from 1 week under a year of service to 4 weeks at more than 5 years, plus an extra week if you are over 45 with at least 2 years of service. It is a floor, so a contract or award can require more but never less. Notice paid in lieu is taxed as ordinary income, unlike a genuine redundancy payment, which has its own tax-free cap.
If you resigned, you owe notice rather than being owed it, and the amount comes from your award or contract rather than s.117. The notice period calculator works out either direction.
Final pay is totalled from four separate statutory sources: unused annual leave under s.90, notice or payment in lieu under s.117, redundancy pay on the s.119 scale, and long service leave under the applicable state Act.
Reviewed by a registered HR practitioner.