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Annual Leave Payout Calculator

Calculate the value of unused annual leave on resignation, redundancy, dismissal, or contract end in Australia, including possible leave loading.

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Personal/sick leave is generally not paid out on termination in Australia

How to Use This Annual Leave Payout Calculator

This annual leave payout calculator helps Australian employees estimate how much unused annual leave may be worth when employment ends. It is useful if you are resigning, being made redundant, finishing a fixed-term contract, or trying to sense-check a final payslip.

Enter your hourly pay rate and the number of hours you usually work each week. Then add the number of unused annual leave days you have accrued. If your award or agreement includes annual leave loading, choose that option so the estimate reflects the extra amount that may apply. The calculator then estimates your base annual leave payout, any leave loading, your total payout, and the equivalent number of weeks of pay.

This is especially helpful when planning a job transition because annual leave balances can be worth far more than many employees expect. It can also help you compare the effect of different leave balances or check whether your final payment looks roughly right.

What This Calculator Includes and Excludes

The calculator focuses on unused annual leave only. It does not assume unused personal leave is paid out, because that usually does not happen in Australia. It also does not attempt to model every tax outcome or every enterprise agreement variation.

When to Use It

  • Before resigning, so you understand what leave is worth.
  • After redundancy, to sense-check your final payment.
  • When comparing whether to take leave or bank it.
  • When reviewing whether leave loading may apply on termination.
  • Formula

    Base Leave Payout = daily pay x unused leave days | Total Payout = base leave payout + leave loading if applicable

    Frequently Asked Questions

    Is annual leave paid out when I resign?

    Generally yes. In Australia, accrued and unused annual leave is usually paid out when employment ends, including on resignation, dismissal, redundancy, or contract completion. The exact payslip presentation can vary, but the entitlement itself is commonly payable.

    Is leave loading paid out on termination?

    Sometimes. Whether annual leave loading applies on termination depends on your award, enterprise agreement, or employment contract. Some employees receive the usual 17.5% loading, while others do not. If it matters materially, it is worth checking the exact industrial instrument that covers your role.

    Is my annual leave payout taxed?

    Usually yes. Unused annual leave paid on termination is generally taxed, although the rate and withholding treatment can vary depending on why employment ended and how payroll processes the payment. This calculator is intended as a gross estimate rather than a final after-tax figure.

    Is sick leave paid out when employment ends?

    Usually no. Unused personal or sick leave is generally not paid out when employment ends in Australia, which is why it is not included in the payout total here. Annual leave and long service leave follow different rules from personal leave.

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