Voluntary Separation Package (VSP) Estimator

This estimator is to assist staff in continuing employment understand your Enterprise Agreement entitlements should you be considering a VSP.

Staff type:
Gross annual salary: $ (this can be found in your payslip in HROnline)
Number of fully completed years fixed-term and/or continuing service without a break: (cap of 26 years for Academic and 13 years for Professional Staff and Teachers)
Accrued annual leave hours: (as noted in HROnline)
Accrued long service leave – calendar days: (LSL only applies to staff who have a minimum 5 years’ eligible service for LSL purposes)

Estimated lump sum payment:

Estimated annual leave payout:

Estimated long service leave payout:
(NOTE: LSL only applies to staff who have a minimum of 5 years’ of service)

Total Gross estimated package (subject to applicable tax):

Notes:

  • This estimate does not constitute a formal VSP offer and is a guide only . Exact calculations will be made available should a formal VSP offer be made.
  • Applicable concessional taxation may apply to those under 67 years of age at exit
  • Part-time staff should adjust gross annual salary to reflect part-time arrangements
  • The estimator is for use by current continuing staff only