Redundancy after 9 years
After 9 years of service, the NES minimum redundancy pay is 16 weeks of base pay, plus 4 weeks notice.
Redundancy
16 weeks
Notice
4 weeks
Combined
20 weeks
Payout at Different Salaries
$60,000 salary$18,464 redundancy + $4,616 notice = $23,080
$80,000 salary$24,608 redundancy + $6,152 notice = $30,760
$100,000 salary$30,768 redundancy + $7,692 notice = $38,460
$120,000 salary$36,928 redundancy + $9,232 notice = $46,160
Years of Service9 years
Redundancy Pay16 weeks
Notice Period4 weeks
Over 45? (+1 week notice)5 weeks notice
Small Business (<15 staff)No redundancy owed