Severance pay calculator Spain 2026: finiquito and dismissal pay
Work out your final pay settlement (finiquito: days worked, unused holiday, pending extra payments) and the statutory severance for unfair, objective dismissal or end of a fixed-term contract under Spain's Workers' Statute, including the split for contracts signed before 12 Feb 2012.
Estimated result
| Salary for the days worked in the last month | €2,183.95 |
|---|---|
| Unused holiday | €704.50 |
| Pending share of the summer extra payment | €722.11 |
| Pending share of the Christmas extra payment | €1,784.74 |
| Final pay (finiquito) | €5,395.30 |
| Severance: 33 days/year × 80 months | 220 days |
| Severance days (daily salary €82.19) | 220 days |
| Severance | €18,082.19 |
| Total final pay + severance | €23,477.49 |
Income tax: the severance the Statute makes mandatory is exempt up to €180,000.00 (art. 7.e Law 35/2006). The final pay is taxed as salary.
This is an estimate using the Workers' Statute minimums. Your collective agreement or contract may improve it, and the actual reference salary may include other items. Before signing the finiquito, ask a labour lawyer or your union.
How it's calculated
The finiquito is what you're owed when the job ends: the salary for the days worked in the last month, holiday accrued and not taken and, if you're paid in 14 payments, the accrued share of the extra payments. Severance only applies to some kinds of termination and is based on the daily salary and length of service.
Severance under the Workers' Statute
Unfair dismissal: 33 days' salary per year of service, up to 24 monthly payments (art. 56.1). Objective dismissal: 20 days per year, up to 12 monthly payments (art. 53.1.b). End of a fixed-term contract: 12 days per year, pro rata (art. 49.1.c). Fair disciplinary dismissal and resignation: none. For contracts signed before 12 Feb 2012, unfair dismissal adds 45 days per year up to that date and 33 after, capped at 720 days unless the old part alone exceeds it, and never above 42 monthly payments (11th transitional provision).
Conventions used by the calculator
Daily salary for severance = annual salary incl. extras / 365. Daily salary for days worked and holiday = ordinary annual salary (without non-prorated extras) / 365. Years are prorated by months and part of a month counts as a whole month; the 12 days of a fixed-term contract are prorated by days. One monthly payment = 30 days of salary. The summer extra payment accrues 1 July to 30 June and the Christmas one 1 January to 31 December (your agreement may set it differently).
Sources: Real Decreto Legislativo 2/2015, Estatuto de los Trabajadores, arts. 49.1.c, 53.1.b, 56.1 and disposición transitoria undécima (BOE-A-2015-11430, consolidated text checked 2026-11-01) ·Law 35/2006 (IRPF), art. 7.e
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