How Much Redundancy Pay After 10 Years?
If you’ve worked somewhere for 10 years and you’re made genuinely redundant, the payout can be meaningful, but the number depends on more than just your salary. In Australia, your final package may include redundancy pay, notice pay, unused annual leave, long service leave, and sometimes tax concessions on part of the redundancy amount.
Under the National Employment Standards, someone with 10 years of continuous service is generally entitled to a set number of weeks’ redundancy pay, assuming the employer is not exempt and the dismissal is a genuine redundancy.
What’s usually included?
- redundancy / severance pay
- notice period or pay in lieu
- unused annual leave
- long service leave, depending on the state and circumstances
- tax-free and taxable components
That’s why two people with the same salary can walk away with different final numbers.
Why the headline number can mislead
People often say things like “I got 16 weeks” or “I got 12 weeks”, but that may only refer to the severance component. It may not include leave, notice, or tax adjustments.
The real question is not just “how many weeks?” It’s “what’s actually in the package?”
Plug in your years of service and weekly pay to estimate notice, redundancy and tax-free amounts.
FAQs
Is 10 years a big redundancy payout?
It can be, especially once notice and leave are added on top.
Is long service leave included?
Often yes, but it depends on the state rules and whether it has already accrued.
Can part of it be tax-free?
Yes, genuine redundancy payments can include a tax-free component.