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Redundancy pay calculator for Cyprus

When your job is abolished for economic or organisational reasons, you're entitled to a redundancy payment from the Redundancy Fund.

Enter your start and end dates and your last salary.

How it's calculated

You need at least 104 weeks of continuous employment with the same employer.
Each year of service pays weeks of wages: 2 weeks for the first 4 years, 2.5 weeks for years 5 to 10, 3 weeks for years 11 to 15, 3.5 weeks for years 16 to 20 and 4 weeks for years 21 to 25.
A remainder of 26 weeks or more counts as a full year.
The weekly wage counts up to four times the basic insurable earnings (€220.76 a week). We convert a monthly salary to weekly with × 12 / 52.
From age 64 the payment drops by 1/12 for each full month.

An example

With 10 years of service and a weekly wage of €500, you get 8 weeks for the first 4 years and 15 for the next 6. That's 23 weeks, or €11,500.

Frequently asked questions

Who pays redundancy money?

All redundancy payments come from the Redundancy Fund, which is funded by employer contributions.

What about unfair dismissal?

The Labour Disputes Court decides the compensation. It can't be less than the redundancy payment or more than two years' wages.

What if my employer pays its own compensation too?

You get the full Fund payment. Your employer pays the difference if its own payment is higher.

Key terms

Redundancy: Ending a job because the position is no longer needed, for economic, technical or organisational reasons.

The same calculation in other countries

Up-to-date official data

Data checked against the official source on 26 October 2026.

We check the official sources automatically, every day.

See all sources

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