Severance Pay Calculator: 2025 Labor Standards & Retirement Guide
Your Hard-Earned Reward for Professional Commitment
Leaving a job is a major life event. Whether you’re pursuing a new opportunity or heading into retirement, your severance pay (or retirement bonus) is the vital financial bridge to your next phase. Understanding exactly how much you are entitled to—and when it should be paid—is crucial for your peace of mind. The Ahoxy Severance Pay Calculator simplifies the complex regional labor formulas into a clear, actionable estimate.
Why Use the Ahoxy Calculator?
- Up-to-Date Compliance: We monitor the latest labor standards (covering 2024-2025) to ensure our formulas reflect current legal requirements.
- Comprehensive Overview: See the breakdown of your base pay, bonus inclusions, and potential tax deductions in one go.
- Instant Accessibility: No need for complex HR consultations at the early stages of planning. Get a professional-grade estimate in seconds right from your browser.
Strategic Financial Planning
Consider your severance pay as the “seed money” for your next venture. Whether you are transferring funds into an IRP (Individual Retirement Pension) or using it for a well-deserved sabbatical, knowing your numbers is the first step toward financial freedom.
Start your new journey with confidence. Calculate your benefits on Ahoxy now!
What is Severance Pay?
Plan your finances and tax strategies with Severance Pay.
Disclaimer
This tool is for reference only. Please consult professionals for important decisions.
Scientific Principles
- Eligibility: In many jurisdictions (like Korea’s LSA), employees who have worked for more than one year with at least 15 hours per week are entitled to severance pay—regardless of whether they were regular, part-time, or contract workers.
- Average Wage Calculation: Severance is usually calculated based on your “average wage” over the last 3 months of employment. This includes not just your base salary, but also a proportional share of annual bonuses and unused vacation pay.
- The “14-Day” Rule: Employers are generally required to pay all outstanding wages and severance within 14 days of your departure unless a special agreement is in place.
Usage Guide
- Enter the required information
- Check the results
- Recalculate or adjust as needed
Frequently Asked Questions
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