Redundancy after 7 years
After 7 years of service, the NES minimum redundancy pay is 13 weeks of base pay, plus 4 weeks notice.
Redundancy
13 weeks
Notice
4 weeks
Combined
17 weeks
Payout at Different Salaries
$60,000 salary$15,002 redundancy + $4,616 notice = $19,618
$80,000 salary$19,994 redundancy + $6,152 notice = $26,146
$100,000 salary$24,999 redundancy + $7,692 notice = $32,691
$120,000 salary$30,004 redundancy + $9,232 notice = $39,236
Years of Service7 years
Redundancy Pay13 weeks
Notice Period4 weeks
Over 45? (+1 week notice)5 weeks notice
Small Business (<15 staff)No redundancy owed