How to Calculate an Annual Leave Payout
→ Open the Annual Leave Payout Calculator
The steps
- Get your accrued unused annual leave (hours) from your payslip.
- Multiply by your base hourly rate.
- If a 17.5% leave loading applied, add it — it's payable on termination.
Worked example
190 accrued hours (≈5 weeks) at $38/hour:
- Base = 190 × $38 = $7,220
- With 17.5% loading = $8,484
The annual leave calculator does it, including the loading toggle.
Frequently asked questions
Is leave loading paid out?
If a 17.5% loading applied during employment, Fair Work says it's paid out on termination — even if the award says loading isn't payable on leaving.
What rate is the payout at?
Base rate for ordinary hours, plus loading where it applied.
Estimates for guidance only — not legal or financial advice. Every figure is derived from the statute cited on the linked calculator; laws change, so confirm final figures with the relevant authority.