Free Template
Calculate the true financial impact of taking unpaid leave, including lost salary and super.
Unpaid Leave Financial Planner ------------------------------ Leave Duration: - Start Date: [Date] - End Date: [Date] - Total Working Days: [Count] Financial Impact: - Gross Salary Lost: $ - Superannuation Lost (11.5%): $ - Total Pre-Tax Loss: $ Budgetary Adjustments: - Savings Required: $ - Expense Reductions: $ - Alternative Income (if any): $ Leave Entitlement Impact: - Accrued Annual Leave Delayed: [Days] - Accrued Sick Leave Delayed: [Days] - Long Service Leave Clock Stop: [Yes/No] Decision Matrix: - Priority Level: [1-10] - Non-Financial Value: [e.g., Mental health, travel] - Verdict: [Approve/Decline]
Calculate your daily gross rate (Annual Salary / 260 days).
Determine the total number of working days you will be unpaid.
Calculate the superannuation loss to understand the long-term impact on retirement.
Identify which expenses must be covered by savings during the leave.
Discuss the 'leave clock' impact with HR to understand how it affect future accruals.
Tax Savings: Because your annual income will be lower, you may be in a lower tax bracket or receive a larger refund at the end of the year.
Health Insurance: If you have corporate health insurance, check if it remains active during unpaid leave.
Super Top-ups: Consider making a personal voluntary super contribution later in the year to offset the loss from the unpaid period.
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