Leave Value Calculator
Calculate the cash value of unused annual leave on termination or resignation. Enter your salary and unused leave days to find your payout entitlement across the US, UK, India, Canada, and Australia, including statutory leave entitlements by country.
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How to use this calculator
- 1
Select your country to set the currency; the entitlement line is fixed text, not part of the calculation.
- 2
Enter your gross annual salary — the calculator divides this by 250 working days to find your daily rate.
- 3
Enter the number of unused leave days you want to value.
- 4
The cash value shown is the days multiplied by the daily rate; whether it is actually payable depends on your contract, local rules and employer.
Frequently asked questions
What formula does this tool use for the value of leave?
This tool uses daily rate = annual salary ÷ 250, and cash value = daily rate × unused leave days. At the defaults of 60,000 and 10 days, the daily rate is 240.00 and the value is 2,400.00. Fractional days work, so 7.5 days on 42,000 is 168.00 × 7.5 = 1,260.00.
Why 250 days?
It is a fixed divisor in the tool and not an input. If your employer uses a different count, such as 260 weekdays or a figure based on your rota, the daily rate will differ: 60,000 ÷ 260 is lower than 60,000 ÷ 250. Scale the result by 250 ÷ your divisor to compare.
How should part-time pay be entered?
Enter the full-time equivalent salary and count leave in full-time-equivalent days. The tool always divides by 250, so an actual part-time salary of 36,000 gives a daily rate of 144.00, which is the value of a day only if that person works 250 days a year. Someone on a three-day week would have a higher real day rate.
Does the tool tell me whether my leave must be paid out?
No. It only prices the days you enter. Whether unused leave is paid on leaving, and on what terms, depends on country, contract and employer policy. The tool’s “Statutory Leave Entitlement” line is fixed text chosen by country; it is not calculated, does not affect the cash value, and should be checked against an official source.
Does it work out how many days I have accrued?
No. You supply the unused days. The years-of-service box is only used to pick the wording of the Canada entitlement line and has no effect on the cash value in any country.
What if salary or days are zero?
The result is 0.00. A salary of 0 gives a daily rate of 0.00, and 0 days gives a value of 0.00 while still showing the daily rate, for example 360.00 on a 90,000 salary. Negative entries are treated as 0.
Is the figure before or after tax, and does it include allowances?
It is gross, with no tax or contributions removed, and it is based only on the salary you enter. Bonuses, overtime, allowances and benefits are not included unless you add them to the annual salary yourself.
Putting a money value on unused leave days
Salary divided into days, days multiplied back
The valuation has two steps. First the annual salary is divided by 250 to find the value of one working day. Then that rate is multiplied by the number of unused days. Because the divisor is fixed in the tool, the daily rate is simply 0.4% of salary, so it is easy to check by hand. The currency follows the country you choose.
Worked examples with fractions
A salary of 60,000 with 10 unused days has a daily rate of 240.00 and a value of 2,400.00. For a United Kingdom salary of 42,000 with 7.5 days, the daily rate is 168.00 and the value 1,260.00. A Canadian salary of 75,000 with 12 days has a daily rate of 300.00 and a value of 3,600.00. Each of these was produced by running the tool.
The same salary at five balances
The table fixes the salary at 60,000, which gives a daily rate of 240.00, and changes only the number of days. Because the calculation is a straight multiplication, the value rises by 240.00 per day without any steps, so the table doubles as a ready reckoner for any balance between rows.
| Unused days | Daily rate | Cash value |
|---|---|---|
| 1 | 240.00 | 240.00 |
| 5 | 240.00 | 1,200.00 |
| 10 | 240.00 | 2,400.00 |
| 20 | 240.00 | 4,800.00 |
| 25 | 240.00 | 6,000.00 |
Adjusting for a different working-day count
If your employer divides by a different number of days, change the estimate in proportion. Dividing 60,000 by 260 instead of 250 would lower the daily rate by about 3.8%. Part-time staff should enter the full-time-equivalent salary so that the day is priced as a full-time day, because the tool never looks at how many days a week someone works.
What the number is and is not
The output is an arithmetic valuation of days you provide. It does not decide whether anything is payable, how leave accrues, or what tax applies, and the country entitlement line is a fixed label. Use the figure as a starting point for a conversation with payroll, then confirm the daily rate they actually use. If their figure is different, the proportional adjustment described above will show whether the gap is explained by the divisor alone.
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Results are estimates for informational purposes only and do not constitute professional financial, medical, legal, or technical advice. Read full disclaimer →