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Final pay on a $$60,000 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))
What the $13,598 base is worth at $60,000
$60,000 a year is $1,154 a week. The tax-free limit on a genuine redundancy has two parts, and the first one is a flat $13,598 that everyone gets regardless of service. At this salary that base alone is worth about 12 weeks of pay — more than the 8 weeks the National Employment Standards award at four years of service. The second part, $6,801 for every completed year, is added on top. The practical consequence is blunt: on $60,000 the redundancy component of your final pay is tax-free at every level of service the NES scale reaches, and the only line that is genuinely taxed is your leave.
Final pay on $60,000 by years of service
Genuine redundancy, age 45, notice in lieu, 10 days of unused annual leave, NSW long service leave.
| Service | Redundancy | Notice | Annual leave | LSL | Gross | Tax | Net |
|---|---|---|---|---|---|---|---|
| 1 yr | $4,615 | $1,154 | $2,308 | $0 | $8,077 | $738 | $7,338 |
| 2 yrs | $6,923 | $2,308 | $2,308 | $0 | $11,538 | $738 | $10,800 |
| 3 yrs | $8,077 | $2,308 | $2,308 | $0 | $12,692 | $738 | $11,954 |
| 5 yrs | $11,538 | $3,462 | $2,308 | $5,000 | $22,308 | $2,339 | $19,969 |
| 7 yrs | $15,000 | $4,615 | $2,308 | $7,000 | $28,923 | $2,979 | $25,945 |
| 10 yrs | $13,846 | $4,615 | $2,308 | $10,000 | $30,770 | $3,939 | $26,831 |
| 15 yrs | $13,846 | $4,615 | $2,308 | $15,001 | $35,770 | $5,539 | $30,231 |
| 20 yrs | $13,846 | $4,615 | $2,308 | $20,001 | $40,770 | $7,139 | $33,631 |
The gross column rises in steps because the NES scale is a staircase, not a slope: four weeks at one year, then two more weeks per year to sixteen weeks at nine, then back to twelve at ten when long service leave takes over. The tax column stays flat against it — at $60,000 the limit is never reached, so what you see withheld is the 32% on the leave balance and the tax on any notice paid beyond the limit.
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 | $10,000 | $26,831 | $8,369 |
| Victoria | $10,000 | $26,831 | $8,369 |
| Queensland | $10,000 | $26,831 | $8,369 |
| Western Australia | $10,000 | $26,831 | $8,369 |
| South Australia | $15,000 | $30,231 | $11,769 |
| Tasmania | $10,000 | $26,831 | $8,369 |
| Australian Capital Territory | $10,000 | $26,831 | $8,369 |
| Northern Territory | $15,000 | $30,231 | $11,769 |
Frequently asked questions
How much redundancy pay on a $60,000 salary?
On a salary of $60,000 the base rate works out at $1,154 a week, and redundancy pay is that figure multiplied by the number of weeks set by the National Employment Standards: $11,538 after 5 years, which is 10 weeks; $18,462 after 9 years, the peak of the scale at 16 weeks; and $13,846 at 10 years or more, where the scale drops back to 12 weeks. An award or enterprise agreement may provide more, never less.
Do I get the $13,598 base if I only worked one year?
Yes, in full. The base amount is not pro-rated by length of service: one completed year attracts the whole $13,598 base plus one year's increment, giving $20,399 of tax-free room. Against a National Employment Standards entitlement of 4 weeks, which at $60,000 is far less than that, the practical result is that a one-year redundancy is usually entirely tax-free.
Is the base per job or per year?
Per genuine redundancy, not per year and not per person. Two redundancies in the same financial year each attract their own tax-free limit, calculated on that job's completed years of service. Service with an earlier employer does not carry over into the calculation for the second job. This is the opposite of the ETP caps, which are annual and are shared across payments of the same type.
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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