Redundancy after 6 years
After 6 years of service, the NES minimum redundancy pay is 11 weeks of base pay, plus 4 weeks notice.
Redundancy
11 weeks
Notice
4 weeks
Combined
15 weeks
Payout at Different Salaries
$60,000 salary$12,694 redundancy + $4,616 notice = $17,310
$80,000 salary$16,918 redundancy + $6,152 notice = $23,070
$100,000 salary$21,153 redundancy + $7,692 notice = $28,845
$120,000 salary$25,388 redundancy + $9,232 notice = $34,620
Years of Service6 years
Redundancy Pay11 weeks
Notice Period4 weeks
Over 45? (+1 week notice)5 weeks notice
Small Business (<15 staff)No redundancy owed