Salary · final pay
Final pay calculator 2026
The final pay (loppupalkka) is the pay made when employment ends. Its largest item is often holiday compensation for unused vacation days. This calculator works out the compensation, a possible holiday bonus and the salary for the final period, and estimates the net final pay.
For a monthly-paid employee the value of one vacation day is the monthly salary divided by 25. For example, with a 3,000 euro monthly salary and 10 unused vacation days the compensation is 3,000 / 25 × 10 = 1,200 euros. The result is indicative.
Final pay details
Used for the daily rate of the holiday compensation (divisor 25).
Vacation accrues at 2 or 2.5 days per month depending on length of service.
Salary still owed for days worked. Leave at 0 if it does not apply.
Your tax card rate. Final pay is taxed as earned income.
Final pay you receive (net)
€2,025
Estimate using your tax card rate.
| Daily pay (divisor 25) | €120.00 |
| Holiday compensation | €1,200 |
| Salary for the final period | €1,500 |
| Final pay total (gross) | €2,700 |
| Withholding | −€675 |
| Final pay you receive | €2,025 |
The calculator is indicative and meant for a monthly-paid employee. It does not account for fringe benefits, commissions, overtime pay or special collective-agreement provisions that may affect the compensation and the holiday bonus. The net is calculated with the withholding rate you enter. Check the final amount with your employer and on your payslip.
How are final pay and holiday compensation calculated?
When employment ends, the employee is paid the final pay (loppupalkka). It includes the salary earned for the final period and holiday compensation for unused vacation days. Holiday compensation is calculated like holiday pay: for a monthly-paid employee the value of one vacation day is the monthly salary divided by 25, and the compensation is this daily pay times the unused vacation days. For example, with a 3,000 euro monthly salary and 10 unused vacation days the compensation is 3,000 / 25 × 10 = 1,200 euros. Vacation accrues at 2 days per month if employment has lasted under a year and 2.5 days if at least a year. The holiday bonus (lomaraha) is typically 50 % of the compensation, but it is not statutory — it depends on the collective agreement — and is not always paid with the compensation. The whole final pay is taxed as earned income according to your tax card.
Holiday compensation, the holiday bonus and tax
Holiday compensation is paid for all unused vacation days when employment ends — regardless of whether the reason is dismissal, your own resignation or the end of a fixed-term contract. It is calculated like holiday pay. For a monthly-paid employee the compensation is the monthly salary divided by 25 and multiplied by the unused vacation days; for weekly-paid employees the divisor is 6.
Vacation accrues at either 2 or 2.5 days per full accrual month. The rate is 2 days if employment has lasted under a year by the end of the accrual year (31 March), and 2.5 days if at least a year. A full accrual month requires at least 14 workdays or 35 hours. You can estimate your unused days from the accrual or check them on your payslip.
For hourly-paid employees and variable working hours the compensation is percentage-based: 9 % of the accrual year’s earnings if employment has lasted under a year and 11.5 % if at least a year. This calculator is meant for monthly-paid employees.
The holiday bonus (lomaraha) is typically 50 % of holiday pay or compensation, but it is not statutory — it is based on the collective agreement. On termination the bonus is usually paid with the compensation only if employment ends for a reason not attributable to the employee. The whole final pay — compensation, bonus and other salary — is taxable earned income, taxed at your tax card rate.
Frequently asked questions
What is the final pay (loppupalkka)?
It is the pay made when employment ends. It includes the salary earned for the final period, holiday compensation for unused vacation days and possibly a holiday bonus. Final pay is usually paid on the last day of employment or, at the latest, on the next normal payday, unless otherwise agreed.
How is holiday compensation calculated for a monthly-paid employee?
The value of one vacation day is the monthly salary divided by 25. The compensation is this daily pay times the unused vacation days. For example, with a 3,000 euro monthly salary the daily pay is 120 euros, and with 10 unused days the compensation is 1,200 euros. For weekly-paid employees the divisor is 6.
How much vacation accrues per month?
Vacation accrues at 2 working days per full accrual month if employment has lasted under a year by 31 March, and 2.5 days if it has lasted at least a year. A full accrual month requires at least 14 workdays or 35 hours. The accrual determines how many vacation days you have to take or be compensated for.
Is the holiday bonus always paid in the final pay?
No. The holiday bonus (lomaraha) is not statutory but based on the collective agreement or the employment contract. It is typically 50 % of holiday pay or compensation. On termination it is usually paid with the compensation only if employment ends for a reason not attributable to the employee and the TES requires it. Check your own agreement.
How is compensation calculated for an hourly-paid employee?
For hourly-paid employees and variable working hours the compensation is percentage-based: 9 % of the accrual year's earnings if employment has lasted under a year and 11.5 % if at least a year. This calculator is for monthly-paid employees; the hourly formula is different.
Are final pay and holiday compensation taxed?
Yes. Holiday compensation, the holiday bonus and the rest of the final pay are all taxable earned income, like normal salary. They are taxed at your tax card rate. If the final pay is a large lump sum, it can temporarily raise the effective rate, so it is worth checking the annual income estimate on your tax card.