Redundancy after 4 years
After 4 years of service, the NES minimum redundancy pay is 8 weeks of base pay, plus 3 weeks notice.
Redundancy
8 weeks
Notice
3 weeks
Combined
11 weeks
Payout at Different Salaries
$60,000 salary$9,232 redundancy + $3,462 notice = $12,694
$80,000 salary$12,304 redundancy + $4,614 notice = $16,918
$100,000 salary$15,384 redundancy + $5,769 notice = $21,153
$120,000 salary$18,464 redundancy + $6,924 notice = $25,388
Years of Service4 years
Redundancy Pay8 weeks
Notice Period3 weeks
Over 45? (+1 week notice)4 weeks notice
Small Business (<15 staff)No redundancy owed