Redundancy after 5 years
After 5 years of service, the NES minimum redundancy pay is 10 weeks of base pay, plus 4 weeks notice.
Redundancy
10 weeks
Notice
4 weeks
Combined
14 weeks
Payout at Different Salaries
$60,000 salary$11,540 redundancy + $4,616 notice = $16,156
$80,000 salary$15,380 redundancy + $6,152 notice = $21,532
$100,000 salary$19,230 redundancy + $7,692 notice = $26,922
$120,000 salary$23,080 redundancy + $9,232 notice = $32,312
Years of Service5 years
Redundancy Pay10 weeks
Notice Period4 weeks
Over 45? (+1 week notice)5 weeks notice
Small Business (<15 staff)No redundancy owed