Calculation Transition Payment

Data

Holliday allowance

Income per month

Holliday allowance

Calculation

Worked

Gross monthly income

Transition payment

*agreed fixed year-end bonus / 13th month divided by 12
** agreed fixed overtime pay and / or shift work allowance payable in the 12 months before the end date divided by 12
*** agreed variable salary components payable in the three calendar years prior to the year in which the employment contract ends divided by 36

The maximum transition payment in 2021 is € 84,000 or a yearly salary if that is higher than € 84,000.

 

If you have any questions about the calculation, please contact one of the specialists at Van Bladel Lawyers via: +31 (0)30 220 3111 or via info@vanbladeladvocaten.nl