Free employment tool
Spain Final Settlement (Finiquito) Calculator
Calculate the settlement owed to you when your employment ends in Spain: proportional extra pay, outstanding vacation days and days worked in the termination month.
Enter your details
Working vacation days not yet taken
Used to calculate the proportional extra pay accrued
Final settlement breakdown
Salary for days worked (current month)
Proportional to days worked
—
Outstanding vacation compensation
Untaken annual leave
—
Proportional extra pay
Accrued and not yet received
—
Total finiquito (gross)
—
Important: This amount is gross. The finiquito is subject to IRPF withholding and Social Security contributions under standard rules. It does not include any severance pay for dismissal, which is calculated separately.
No cost · Google Meet or in person · cancel up to 24h in advance
Partner calls directly · Same day if requested
Get the PDF report by email
We'll send you the visual results with year-by-year comparison and cumulative saving.
This calculator is for guidance only. Consult a professional for personalized analysis.
What is a finiquito and what does it include?
The finiquito is the document that certifies the final economic settlement of all outstanding items when an employment relationship ends, regardless of the termination reason: dismissal, resignation, end of contract or mutual agreement. It should not be confused with severance pay, which is a separate entitlement that only applies in specific termination types.
The finiquito typically covers three items: the proportional salary for days worked in the termination month; outstanding vacation at the rate of 2.5 days per month worked (minimum 30 calendar days per year under the Workers Statute); and the proportional extra pay accrued but not yet received.
The applicable collective agreement (convenio colectivo) may improve on these statutory minimums, so it is essential to check it. BMC provides comprehensive employment law advice, including finiquito review, negotiation of termination terms and dismissal management. Consult our Employment Law service.
Frequently asked questions
What is a finiquito in Spain?
A finiquito (final settlement) is the document that certifies the payment of all outstanding amounts when an employment relationship ends, regardless of the reason: dismissal, resignation, end of contract, or mutual agreement. It is distinct from severance pay (indemnización por despido), which only applies in certain types of termination.
What does the finiquito include?
The finiquito typically covers three items: (1) proportional salary for days worked in the month of termination; (2) accrued but untaken annual leave (vacation days) compensated at the daily gross rate; and (3) the proportional part of any outstanding extra pay (pagas extraordinarias) not yet received. The applicable collective agreement may provide for additional entitlements.
Is the finiquito gross or net?
The finiquito amount shown on this calculator is gross. It is subject to standard IRPF withholding and Social Security contributions under the general rules. Note that the finiquito does not include any severance pay for dismissal, which is calculated separately.
How is vacation compensation calculated in the finiquito?
Untaken vacation days are compensated at the daily gross rate: annual salary divided by 365, multiplied by the number of outstanding days. The Spanish Workers Statute (Art. 38 ET) and Supreme Court ruling of 8 June 2016 confirm this right applies regardless of the type of termination.
How are extra pay (paga extra) proportional amounts calculated?
The proportional extra pay depends on how many extra pays are set per year and how many months have elapsed since the last extra pay was collected. For example, if you receive 2 extra pays per year (every 6 months) and 3 months have elapsed since the last one, you are owed 50% of one extra pay. If extra pays are already spread across monthly salary (prorrateadas), the proportional amount is zero.
Can my employer refuse to pay the finiquito?
No. The finiquito is a legal obligation. If your employer refuses or the amounts are disputed, you may file a claim at SMAC (mediation) or directly with the labour tribunal (Juzgado de lo Social). By signing the finiquito with "no conformidad" (non-agreement) notation, you preserve your right to challenge the amounts.
Does the finiquito include severance pay?
No. Severance pay (indemnización por despido) is a separate entitlement only triggered by specific termination types (unfair dismissal: 33 days per year; objective dismissal: 20 days per year). The finiquito covers outstanding salary items regardless of termination type. Use our Severance Pay Calculator for the severance component.
Related calculators
This tool provides a directional estimate. A specialist can analyse your specific situation in detail.
Use this calculator on your site
This calculator is free and embeddable. Copy the code and paste it on any page of your site. Works in blogs, forums, intranets and templates — no dependencies.
HTML
<iframe src="https://bm.consulting/embed/final-settlement-calculator/" width="100%" height="560" style="border:0; max-width: 720px; margin: 0 auto; display: block;" loading="lazy" title="Spain Final Settlement (Finiquito) Calculator — BMC" ></iframe> <p style="text-align:center; font-size:0.875rem; color:#555;"> <a href="https://bm.consulting/embed/final-settlement-calculator/" target="_blank" rel="noopener">Spain Final Settlement (Finiquito) Calculator</a> by <a href="https://bm.consulting" target="_blank" rel="noopener">BMC</a> </p>
We keep the calculations updated with every regulatory change. The embed updates automatically — no need to touch anything on your site.
Preview
License and attribution
Free to use with one requirement: keep the "Powered by BMC" link visible in the iframe (already included). No permission needed for individual embeds — for mass integrations or branded white-label, contact us.
Methodology and sources
This calculator applies the finiquito rules under the Spanish Workers Statute (RDL 2/2015). The calculation of proportional salary, accrued extra pay and vacation compensation follows Supreme Court case law. The result is indicative: collective agreements or individual arrangements may modify the amounts.
Assumptions applied by this calculator
- Proportional salary for the termination month
- Calculated by dividing the monthly salary by 30 and multiplying by the days worked until termination.
- Proportional extra pay
- Calculated based on the number of extra pays per year and the months elapsed since the last extra pay was received. If extra pays are already spread across monthly salary, the proportional amount is zero.
- Vacation compensation
- Untaken vacation days generate a right to financial compensation at the gross daily rate. Article 38 ET and the Supreme Court ruling of 8 June 2016 confirm this applies on any type of termination.
Official sources
- Royal Legislative Decree 2/2015 — Workers Statute, Arts. 26, 31, 38
- SEPE — Finiquito and employment settlement
Last reviewed: 2026-06-13
Reviewed by: Barbara Botia — Of Counsel · ICAM 11.233
This calculator provides an estimate for informational purposes. It does not replace professional advice. Results may vary based on personal circumstances and regulatory changes. Consult an advisor for personalized planning.
Questions about your finiquito or dismissal?
Our employment lawyers will review your situation and advise on your rights and options.