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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.
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.
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Sources
Written by Mottalib Radif
INSEAD MBA · Mines Saint-Étienne engineer · Personal finance and employment entitlements
Updated on · Editorial policy · Contact
Rates 2026–27, last updated 2026-09-16