Leave Days Payout Calculator South Africa
Calculate the cash value of your unused leave days when leaving employment in South Africa. Determine how much you should receive for your accumulated leave balance upon resignation, retirement, or termination.
Note: This calculator provides an estimate of leave payout according to South African labor laws. Leave payouts are subject to normal tax deductions under PAYE. The Basic Conditions of Employment Act requires employers to pay out all accrued but unused leave upon termination of employment. Actual calculations may vary based on your specific employment contract and company policies. Consult your HR department or payroll for official leave payout calculations.
How the Leave Days Payout Calculator Works
The Leave Days Payout Calculator helps South African employees estimate how much money they can receive for their unused annual leave days. It’s especially useful when leaving a job or when your company allows you to convert leave into cash. By entering your monthly salary and the number of unused leave days, you’ll get an instant estimate of your payout before tax, general leave days calculator.
What Is a Leave Days Payout?
A leave payout is the amount your employer pays you for unused annual leave. This usually happens:
- When you resign, retire, or are retrenched.
- When company policy allows selling or cashing in leave.
- If you cannot take leave due to operational needs.
Your payout is calculated using your normal daily rate, based on your most recent salary.
How to Calculate Leave Days Payout Manually
Here’s a quick step-by-step guide to understand your payout:
- Find your monthly salary for example, R20,000.
- Divide it by the average number of working days in a month (usually 21.67).
- Multiply by the number of unused leave days.
Example:
R20,000 ÷ 21.67 × 5 = R4,615 (before tax).
The Leave Days Payout Calculator above performs this automatically and gives you a clear, accurate result in seconds.
Is Leave Pay Taxable in South Africa?
Yes, payments for unused leave are subject to PAYE (Pay As You Earn) tax. The amount you receive after tax depends on your income bracket. In most cases, leave payouts are treated as part of your final salary payment.
If you’re receiving a large payout after resignation or retrenchment, it’s wise to check with your HR or a tax consultant to understand the exact deductions.
Why Use a Leave Days Payout Calculator?
- Instant calculation of leave payout value.
- Helps with financial planning before leaving a job.
- Shows gross and approximate net payout estimates.
- Saves time and avoids manual errors.
- Useful for both employees and HR professionals.
Conclusion
The Leave Days Payout Calculator is a simple and reliable tool to help South Africans understand what they’ll receive for unused leave days. It gives you quick financial insight and helps you make informed decisions before resigning or negotiating your final pay.