Leaving a job with unused annual leave? See gross payout (with 17.5% loading), tax taken, and net take-home. Includes the concessional 32% redundancy rate vs marginal-rate for resignation.
Last verified: 16 May 2026ANNUAL LEAVE PAYOUT — TAX TREATMENT
When you leave a job, your unused annual leave is paid out as a lump sum. How it's taxed depends on WHY you're leaving. Resignation/dismissal = marginal rate. Genuine redundancy = concessional 32% rate (often a much better outcome).
Tax treatment
Resignation / standard termination — AL payout added to your taxable income and taxed at your marginal rate. Often pushes you into a higher bracket for that financial year.
Leave loading adds 17.5% to your annual leave pay. Find out if your award or agreement includes it, how it's calculated, when it's paid, and what happens on termination.
Annual Leave Loading: The 17.5% Bonus You Might Be MissingWhat is 17.5% annual leave loading and how is it calculated? Use our guide to understand who gets leave loading, how to calculate it, and whether your award or agreement includes it.
Annual Leave Payout Calculator — How Much Will You Get? (2026)Calculate how much your accrued annual leave is worth when you leave a job. Covers payout formula, leave loading, tax treatment on resignation vs redundancy.
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