🇦🇺 Fair Work NES & ATO Genuine Redundancy 2024–2025
Australian Redundancy & Severance Tax Calculator
Compute your statutory redundancy weeks under National Employment Standards (NES), determine your 100% tax-free threshold under ATO rules, and calculate net payout after ETP concessional tax.
Employment & Severance Details
$
Equivalent to ~$96,200/year base salary. Excludes overtime and bonuses.
Total Net Severance Payout (In Hand)
$0
Gross Package: $0 • Total Tax Withheld: -$0
100% Tax-Free Amount
$0
Taxable ETP Portion
$0
Severance Calculation Specification
Fair Work Entitlement 11 Weeks
Statutory Redundancy Severance Pay $0
Payment in Lieu of Notice $0
ATO Tax-Free Base ($12,524 + $6,264/yr) $0
Tax Withheld on ETP (17% concessional) -$0
Final Take-Home Severance $0
🏛️ ATO Tax-Free Limits (2024–2025)
For a genuine redundancy, the Australian Taxation Office (ATO) provides an indexed tax-free limit:
Tax-Free Limit = $12,524 + ($6,264 × Completed Years of Service)
- Any genuine redundancy payout up to this limit is 100% tax-free.
- The remaining excess is classified Employment Termination Payment (ETP).
- ETP is taxed at a maximum of 17% (including 2% Medicare) up to the ETP cap ($245,000 in 2024–25).
📋 Fair Work NES Severance Scale
The National Employment Standards (NES) set minimum statutory severance:
- 1 to 2 years: 4 weeks pay.
- 4 to 5 years: 8 weeks pay.
- 6 to 7 years: 11 weeks pay.
- 9 to 10 years: 16 weeks pay.
- Small Business Exemption: Employers with fewer than 15 staff are generally exempt from statutory redundancy under Fair Work.
📊 Australian Statutory Payroll & Tax Breakdown Matrix
| Statutory Component / Legal Deduction Item | Calculated Amount (AUD) |
|---|---|
| Primary Net / Statutory Payable Amount | $0.00 |
MS
Engr. Muhammad Shahzad
Principal Financial Systems Architect & Australian Taxation Office (ATO) & Fair Work Specialist
Lead software and systems architect specializing in high-performance browser computing, algorithmic validation, financial models, and zero-telemetry client-side privacy architecture.