Final pay on a $$150,000 salary (2026–27): redundancy, notice, leave and tax
Estimated final pay after tax
$28,290
Gross $31,603 · tax $3,313 · net $28,290
| Weekly base pay | $1,634.62 |
| Redundancy pay (NES: 10 weeks) | $16,346 |
| Notice in lieu (3 weeks) | $4,904 |
| Unused annual leave (10.0 days) | $3,269 |
| Long service leave NSW (4.33 weeks) | $7,084 |
| Gross final pay | $31,603 |
| Tax-free redundancy (limit $47,603) | $21,250 |
| Tax on leave (32%) | − $3,313 |
| Net final pay (estimate) | $28,290 |
Pro-rata after 5 years (New South Wales). (Long Service Leave Act 1955 (NSW))
The $270,000 ETP cap in practice
At $150,000, $2,885 a week, both ends of the scale come into view. The 45% bracket begins at $190,000, so a large payout lands partly in the top bracket for the year; and the ETP cap of $270,000, the ceiling on the concessional flat rate, is roughly 94 weeks of your pay. That is out of reach of the NES scale, which stops at sixteen weeks, but not of a negotiated exit: a contractual six or twelve months, a restraint payment and a long leave balance together can reach it. Above the cap the rate is 47%, and no part of the payout softens it. The weekly rate of $2,885 gives $76,924 gross and $67,078 net for the ten-week scale amount, with 10 days of accrued leave taxed at $46,154 on top. At this salary a long-serving employee can exceed the whole-of-income cap, at which point the excess is taxed at the top marginal rate and the gap between gross and net widens sharply.
Final pay on $150,000 by years of service
Genuine redundancy, age 45, notice in lieu, 10 days of unused annual leave, NSW long service leave, statutory minimums only, no contractual top-up.
| Service | Redundancy | Notice | Annual leave | LSL | Gross | Tax | Net |
|---|---|---|---|---|---|---|---|
| 1 yr | $11,538 | $2,885 | $5,769 | $0 | $20,192 | $1,846 | $18,346 |
| 2 yrs | $17,308 | $5,769 | $5,769 | $0 | $28,846 | $1,846 | $27,000 |
| 3 yrs | $20,192 | $5,769 | $5,769 | $0 | $31,731 | $1,846 | $29,885 |
| 5 yrs | $28,846 | $8,654 | $5,769 | $12,500 | $55,770 | $5,846 | $49,923 |
| 7 yrs | $37,500 | $11,538 | $5,769 | $17,501 | $72,308 | $7,446 | $64,862 |
| 10 yrs | $34,615 | $11,538 | $5,769 | $25,001 | $76,924 | $9,846 | $67,078 |
| 15 yrs | $34,615 | $11,538 | $5,769 | $37,501 | $89,425 | $13,847 | $75,578 |
| 20 yrs | $34,615 | $11,538 | $5,769 | $50,002 | $101,925 | $17,847 | $84,078 |
Nothing in this table comes near the cap, because the NES scale alone cannot get there on any salary. The cap matters when a contract or an enterprise agreement pays above the minimum: measure the total ETP against $270,000 first, then against the tax-free limit of $81,608 at ten years, and only what survives both is taxed at 47%.
Ten years of service in each state
Same salary and leave, each state's Act applied at ten years of service. The last column shows a resignation.
| State | Long service leave | Net on redundancy | Net on resignation |
|---|---|---|---|
| New South Wales | $25,001 | $67,078 | $18,770 |
| Victoria | $25,001 | $67,078 | $18,770 |
| Queensland | $25,001 | $67,078 | $18,770 |
| Western Australia | $25,001 | $67,078 | $18,770 |
| South Australia | $37,500 | $75,577 | $26,133 |
| Tasmania | $25,001 | $67,078 | $18,770 |
| Australian Capital Territory | $25,001 | $67,078 | $18,770 |
| Northern Territory | $37,500 | $75,577 | $26,133 |
Frequently asked questions
How much redundancy pay on a $150,000 salary?
On a salary of $150,000 the base rate works out at $2,885 a week, and redundancy pay is that figure multiplied by the number of weeks set by the National Employment Standards: $28,846 after 5 years, which is 10 weeks; $46,154 after 9 years, the peak of the scale at 16 weeks; and $34,615 at 10 years or more, where the scale drops back to 12 weeks. An award or enterprise agreement may provide more, never less.
Is the $270,000 cap reduced by my salary?
No, that is the whole-of-income cap, and it only applies to payments that are not genuine redundancies. The ETP cap stands at its full $270,000 whatever you earned during the year. It is indexed annually, so a payout straddling 30 June may meet two different figures.
How is a restraint of trade payment taxed?
A payment for agreeing not to compete is generally not an ETP at all: it is a capital amount or ordinary income depending on how it is framed, and it does not get the flat rate. On $150,000, where the marginal rate is 39% or 47%, the difference is worth getting advice on before signing.
Related calculators & guides
Final pay on a $50,000 salary
Redundancy, notice, leave and tax
Final pay on a $60,000 salary
Redundancy, notice, leave and tax
Final pay on a $70,000 salary
Redundancy, notice, leave and tax
Final pay on a $80,000 salary
Redundancy, notice, leave and tax
Final pay on a $90,000 salary
Redundancy, notice, leave and tax
Final pay on a $100,000 salary
Redundancy, notice, leave and tax
Sources
Written by Radif Partners
Independent publisher · Final pay, redundancy and long service leave estimates for Australia
Updated on · Editorial policy · Contact
Rates 2026–27, last updated