Cyprus Redundancy Pay and Notice Calculator
Enter your gross monthly salary and years of service with the same employer.
Written and maintained by Antonis Katsonis · Rules for tax year 2026 · Last verified: 2 September 2026
Result
Redundancy compensation is paid by the Redundancy Fund, is tax-free and does not depend on what the employer offers.
With 6 years of service you are entitled to 13 weeks of pay, or €6,600 from the Redundancy Fund. Your employer must give you at least 8 weeks' notice.
- Weeks of compensation
- 13 wks
- Weekly wage taken into account
- €507.69
- Minimum employer notice
- 8 wks
- Pay for the notice period
- €4,061.54
The result is an estimate for information only and is not tax, legal or financial advice.
How it is calculated
Employees with at least 104 weeks (2 years) of continuous service qualify. Each year of service earns weeks of pay according to the table, up to 75.5 weeks in total. A remainder of 26 weeks (6 months) or more beyond the complete years counts as a full year.
Years of service Weeks' pay per year 1 – 4 2 5 – 10 2.5 11 – 15 3 16 – 20 3.5 21 – 25 4 The weekly wage taken into account is capped at the maximum insurable earnings (€1,325 per week in 2026). Monthly pay converts to weekly as ×12÷52.
The minimum notice the employer must give depends on the weeks of continuous service:
Weeks of service Minimum notice 26 – 51 1 week 52 – 103 2 weeks 104 – 155 4 weeks 156 – 207 5 weeks 208 – 259 6 weeks 260 – 311 7 weeks 312 or more 8 weeks
Worked example
| Gross monthly salary | €2,200 |
| Completed years of service | 6 |
| Extra months | 0 |
| Redundancy compensation | €6,600.00 |
| Weeks of compensation | 13 wks |
| Weekly wage taken into account | €507.69 |
| Minimum employer notice | 8 wks |
| Pay for the notice period | €4,061.54 |
Frequently asked questions
Who pays redundancy compensation?
The Redundancy Fund, not the employer. The claim (form SIS 600) is filed within 3 months of termination.
Is the compensation taxed?
Redundancy Fund compensation is exempt from income tax. Other termination payments from the employer follow their own rules.
Related calculators
Sources and rule validity
Rules for tax year 2026 · Last verified: 2 September 2026
Found an error in this calculator? Email us and we will fix it.