Final settlement calculator (Spain)
Calculate what your employer in Spain owes you when your job ends, whatever the reason: resignation, dismissal or end of contract.
Final settlement calculator (Spain): what it is and how it works
The finiquito is the final settlement of everything a Spanish employer owes an employee when a contract ends, for any reason. It has three parts: salary for the days worked in the last month, holiday accrued but not taken and the pro-rata share of extra payments not yet received. If extra payments are spread across your monthly pay, that last item does not apply.
It should not be confused with severance pay, which is only due in some dismissals and when temporary contracts end. This calculator assumes the summer extra payment accrues from July to June and the Christmas one from January to December, each worth one month’s pay; your collective agreement may differ.
How to use it
- Enter your gross annual salary and whether you are paid 12 or 14 times.
- Enter your start and leaving dates and your annual holiday.
- Add days already taken this year and see the settlement breakdown.
Settlement = salary for days worked in the month + pending holiday × daily salary + pro-rata extra paymentsWorked example
With €24,000 in 14 payments, a start date of 15/1/2024, leaving on 15/6/2026, 30 calendar days of holiday and 5 taken, the settlement is about €3,849: €857 salary, €568 holiday and €2,424 in extra payments.
Frequently asked questions
Do I get a settlement if I resign?
Yes. The finiquito is always paid when employment ends: resignation, dismissal, end of contract or failed probation.
Should I sign the finiquito?
You can sign it as received and add “no conforme” (not in agreement) if you dispute the amounts, so you can claim later. You may ask for a workers’ representative to be present.
Is untaken holiday paid?
Yes. When the contract ends, accrued untaken holiday is paid in cash. It is the only case in which holiday can be paid instead of taken.
When is it paid?
Usually with the last payslip or on the leaving date. Late payment can be claimed with 10 % default interest.