Final Pay Calculator NZ
Termination pay: leave, alt-days, 8% holiday pay since anniversary.
NZ$
Used for the 8% holiday-pay accrual.
Net final pay
$5,169.31
Gross $7,715.38 − PAYE $2,546.08
| Annual leave payout | $3,923.08 |
|---|---|
| Alternative day payout | $653.85 |
| 8% holiday pay since anniversary | $3,138.46 |
| Gross final pay | $7,715.38 |
| PAYE on final pay | −$2,546.08 |
| Net final pay | $5,169.31 |
About this calculator
On resignation or dismissal, the employer must pay out three things in addition to ordinary wages: untaken annual leave, untaken alternative days (worked public holidays), and 8% holiday pay on earnings since the last leave anniversary.
- Annual leave is paid at the higher of ordinary weekly pay or average weekly earnings (Holidays Act s.21).
- Alternative days are days worked on a public holiday that haven't been taken yet.
- 8% holiday pay accrues against earnings since the last anniversary date for any partial-year period.
Frequently asked questions
Is final pay taxed differently?
No — final pay is normal income for PAYE; the 8% holiday-pay component is taxed as ordinary salary in the period paid.
Related calculators
Calculator NZ provides general information only. For decisions with significant financial, medical or legal consequence please consult a qualified professional.