Severance Pay Calculator: Spain 2026
Dismissal type
Fixed salary only. Do not include bonuses or overtime.
Years
Additional months
Legal basis
Unfair dismissal (Art. 56 ET): 33 days of salary per year worked, up to a maximum of 24 monthly salaries (720 days). For contracts prior to 12/02/2012, pre-reform days are calculated at 45 days/year.
Objective/fair dismissal (Art. 52-53 ET): 20 days of salary per year worked, up to a maximum of 12 monthly salaries (360 days). Applies to economic, technical, organisational or production grounds.
Final settlement: In addition to severance, the employee is entitled to unused vacation pay, pro-rated bonuses, and outstanding salary for the current month.
FOGASA: In case of company insolvency, the Wage Guarantee Fund covers up to 120 days of severance (unfair dismissal) or 60 days (objective dismissal).
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Severance pay FAQ
How much is unfair dismissal severance?
33 days of salary per year worked, up to a maximum of 24 monthly salaries (720 days), under Art. 56 ET. For contracts prior to 12/02/2012, pre-reform days are calculated at 45 days/year.
How much is objective dismissal severance?
20 days of salary per year worked, up to 12 monthly salaries (360 days), under Arts. 52-53 ET. Applies to economic, technical, organisational or production grounds (ETOP).
What does the settlement include besides severance?
Unused vacation, pro-rated bonuses, and outstanding salary for the current month. It must be paid at the time the contract is terminated.
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