Finiquito Calculator (Spain)
Work out the settlement (finiquito) you are owed when your Spanish employment contract ends: final-month salary, untaken vacation and the accrued share of the extra payments, itemised so you can check the document before signing it.
Each extra payment is estimated as one monthly salary accrued over 180 days (six-month accrual, the most common). If your collective agreement sets annual accrual or a different amount, adjust the accrued days.
Settlement breakdown
| Daily salary (monthly ÷ 30) | €60.00 |
| Salary for days worked | €900.00 |
| Untaken vacation | €600.00 |
| Accrued share of the summer payment | €900.00 |
| Accrued share of the Christmas payment | €900.00 |
| Gross total | €3,300.00 |
Educational gross estimate: it does not include IRPF withholding or social security contributions, and is not employment advice. Severance for dismissal, where it applies, is a separate concept with its own calculator. Legal basis: articles 29, 31, 38 and 49.2 of the Workers' Statute; your collective agreement may improve on these minimums.
Video: how to use the calculator
What the finiquito is and when it is paid
The finiquito is the settlement of everything the company still owes you when the contract ends, whatever the cause: resignation, end of a temporary contract or dismissal. Article 49.2 of the Workers' Statute obliges the employer to present a settlement proposal. It is always paid. Resigning does not remove it; what resignation removes is severance for dismissal, which is a different concept.
The three components it always includes
First: the salary for the days worked in the final month that have not yet been paid, at the monthly salary divided by 30. Second: vacation earned but not taken (article 38 guarantees at least 30 natural days a year, and pending days are paid as salary days). Third: the accrued share of the two extraordinary payments of article 31, unless your payroll already prorates them monthly.
The conventions this calculator uses
Daily salary is the monthly salary divided by 30 (the standard commercial month for monthly-paid employees). Each extra payment is estimated as one monthly salary accruing over 180 days (six-month accrual, the most common). Your collective agreement may set annual accrual or different payment amounts: adjust the accrued days and the proportion stays correct.
Before signing: check it, and sign "no conforme" if in doubt
Signing the finiquito with releasing effect can make later claims harder. If a line does not match your payslips you can sign adding "no conforme" (not agreed): receiving the document does not oblige you to accept the amount, and article 59 of the Statute gives you in general one year to claim owed amounts. You are also entitled to ask for a workers' representative to be present at the signing.
Worked example
Example: a salary of €1,800 a month with two non-prorated extra payments. The contract ends on the 15th, 10 vacation days are pending and each extra payment has 90 days accrued. Pending salary: 1,800 ÷ 30 × 15 = €900. Vacation: €60 × 10 = €600. Each extra payment: 1,800 × 90 ÷ 180 = €900, so €1,800 across the two. Gross finiquito: €3,300.
Frequently asked questions
Am I owed a finiquito if I resign?
Does the finiquito include severance for dismissal?
How is untaken vacation calculated?
What if my extra payments are prorated?
Is the finiquito gross or net?
Related calculators & reading
Embed this calculator
Paste this code on your site to show the calculator. It includes an attribution link.
Preview
Sources
- Workers' Statute (Real Decreto Legislativo 2/2015), arts. 29, 31, 38, 49 and 59 · Boletín Oficial del Estado
- Employment guide: termination of the employment contract · Ministry of Labour and Social Economy
Author: Thorben Rasmus Idel · Reviewed by: Nahar Geva · Last reviewed: