Settlement Manager
Enter the employment terms below to estimate the final settlement (severance pay / "finiquito") owed when a job ends — pending salary, unused vacation, prorated bonuses, severance and notice pay. All rates are fields you set yourself, so you can match your own country's rules or contract.
Employment terms
Salary and dates
Leave payments per year at 12 unless your contract splits pay into extra bonus instalments (e.g. 14 payments/year). Any count above 12 is treated as prorated bonus pay.
Summary
Total amount owed at termination, and how it breaks down
Settlement breakdown
Share of the total settlement contributed by each component
Severance & notice
These rates vary a lot by country and contract — set them to match yours. Leave at 0 to exclude a component entirely.
If the notice actually given is shorter than what's required, the shortfall is paid out in lieu of notice.
Itemized breakdown
Every line that makes up the final payment
| Component | Basis | Amount |
|---|---|---|
| Calculate the settlement to see the itemized breakdown. | ||
How FinanHelp's Settlement Manager Calculates Your Final Pay
The formulas and reasoning behind every figure above
A final settlement — often called a "finiquito," termination pay, or last paycheck — is the total amount an employer owes an employee once a job ends. The Settlement Manager above adds together every component that typically makes up that final payment, so you can see exactly where each figure comes from instead of getting a single lump-sum number with no explanation.
Pending salary
Wages already earned but not yet paid for the final, partial pay period. The tool converts the gross monthly salary into a daily rate and multiplies it by the days worked since the last payday.
Unused vacation
A payout for any vacation days accrued but never taken, calculated the same way — daily rate × unused days — so it lines up with the rest of the breakdown.
Prorated bonus pay
Common in countries with 13th- or 14th-month pay. If the job ends partway through an accrual period, the employee is owed a prorated share of the next instalment — calculated automatically whenever payments per year is set above 12.
Severance pay
Compensation for the loss of the job, usually a fixed number of days' pay per year of service, sometimes capped. Because rules vary enormously by country and contract, the rate and cap are entirely up to you.
Notice pay
If a minimum notice period is required and less is actually given, the shortfall is typically paid out instead — "payment in lieu of notice." Enter both the required and the actual notice given, and the calculator works out any amount owed for the difference.
Estimate only — not legal or payroll advice. Labor law on severance, notice and vacation payout varies by country; confirm the applicable rates with local regulations or an employment professional.
