Severance Pay Calculator
Calculate your severance pay. Detailed calculation based on employment duration, gross salary and current ceiling.
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Frequently Asked Questions
What is severance pay?
Severance pay is compensation paid by the employer when an employment contract is terminated under certain conditions after at least 1 year of service. It is calculated as 30 days gross salary per full year.
What is the severance pay ceiling?
The severance pay ceiling is an upper limit updated every 6 months. Even if your gross salary exceeds the ceiling, calculation is based on the ceiling amount.
What deductions apply to severance pay?
Only stamp tax (0.759%) is deducted from severance pay. No income tax or SSI premium applies.
When is severance pay applicable?
Severance pay applies in cases of dismissal without just cause, retirement, military service, marriage (for female employees within first year), health reasons and death.