Unlock clarity on your eligible termination payment (ETP) and end-of-service benefits. Our free ETP Calculator helps you quickly estimate potential severance pay, gratuity, or retirement entitlements based on key financial inputs. Plan your financial future with confidence by understanding your lump sum payout.
Formula:
The ETP (Eligible Termination Payment) calculation helps estimate a lump sum based on your final basic salary, years of service, and a defined benefit multiplier. A common simplified formula can be represented as:
ETP Amount = Final Monthly Basic Salary × Years of Service × Benefit Multiplier
- Final Monthly Basic Salary: Your last basic salary received per month.
- Years of Service: Total completed years you have worked.
- Benefit Multiplier: A factor representing the number of months (or fractions) of basic salary received per year of service (e.g., 0.5 for half a month, 1 for one month).