Gross TFR calculator: yearly accrual and revaluation
Work out the gross Italian severance pay (TFR) accrued: yearly pay divided by 13.5, less 0.50%, revalued every year by 1.5% plus 75% of the rise in Istat's FOI index, net of the substitute tax (imposta sostitutiva) on revaluations.
Gross TFR accrued
€10,858.98
| Year | Revaluation rate | Revaluation | Substitute tax (imposta sostitutiva) | Accrual (÷ 13.5) | 0.50% contribution | Fund at end of period |
|---|---|---|---|---|---|---|
| 2022 | – | €0.00 | − €0.00 | €2,222.22 | − €150.00 | €2,072.22 |
| 2023 | 1.944162 % | €40.29 | − €6.85 | €2,222.22 | − €150.00 | €4,177.88 |
| 2024 | 2.320017 % | €96.93 | − €16.48 | €2,222.22 | − €150.00 | €6,330.55 |
| 2025 | 2.311148 % | €146.31 | − €24.87 | €2,222.22 | − €150.00 | €8,524.21 |
| 2026 | 3.710988 % | €316.33 | − €53.78 | €2,222.22 | − €150.00 | €10,858.98 |
Not included in the calculation
- Separate taxation of TFR (IRPEF): the amount shown is before this tax
- TFR paid into pension funds or the INPS Treasury Fund, advances already received
- Items collective agreements exclude or include; pay for TFR is assumed to equal the base of the 0.50% contribution
- Ending in the first half of a month: the final month is counted in full
- Work before 2001 and more than one employer
Worked example
Three full years, leaving in June 2026
Pay counting for TFR: €30,000 (2023), €31,000 (2024), €32,000 (2025), €16,000 (January–June 2026). Each accrual is pay / 13.5 less 0.50%; the fund is revalued with Istat's FOI index and the substitute tax on the revaluation comes off the fund.
| 2023: accrual €2,222.22 − €150.00; fund at year end | €2,072.22 |
| 2024: accrual €2,296.30 − €155.00; revaluation 2.320017% = €48.08, tax €8.17; fund at year end | €4,253.43 |
| 2025: accrual €2,370.37 − €160.00; revaluation 2.311148% = €98.30, tax €16.71; fund at year end | €6,545.39 |
| 2026: accrual €1,185.19 − €80.00; revaluation 2.786543% = €182.39, tax €31.01; fund on leaving | €7,801.96 |
| Gross TFR | €7,801.96 |
Figures worked out by hand from the text of the law, step by step; the calculator must reach the same result or the page is not published.
Frequently asked questions
How is the yearly TFR accrual worked out?
Yearly pay that counts for TFR divided by 13.5 (art. 2120 Civil Code), less 0.5% of pay paid to INPS (Law 297/1982, art. 3).
How is TFR revalued?
Every 31 December the fund held at the previous year end grows by a fixed 1.5% plus 75% of the rise in Istat's FOI index since the previous December; if the index falls, only the fixed part is added (INPS, circular 160/2019). In the year you leave, the fixed part is pro-rated by months.
How much is the substitute tax on the revaluation?
17% on revaluations from 2015 (11% from 2001), taken off the fund (Legislative Decree 47/2000, art. 11). The separate IRPEF on the final TFR is not included.
Which year's rules does this use?
2026, with the rules in force in that year.
Where do the figures come from?
From 9 official sources (the law and the authorities), listed at the bottom of the page with the date each was read. Every calculation is checked against official examples or ones worked by hand from the law.
Related calculators
Sources
- Codice civile, art. 2120 (Disciplina del trattamento di fine rapporto), testo vigente al 06/10/2026, Normattiva (retrieved on 6 October 2026)
- Legge 29 maggio 1982, n. 297, art. 3 (contribuzione aggiuntiva detratta dalla quota TFR), Normattiva (retrieved on 6 October 2026)
- Legge 5 febbraio 1992, n. 81, art. 4 (esclusione dei tabacchi dagli indici dei prezzi), Normattiva (retrieved on 6 October 2026)
- D.Lgs. 18 febbraio 2000, n. 47, art. 11, commi 3-4 (imposta sostitutiva sulle rivalutazioni, imputata a riduzione del fondo; 17% dal 2015 per L. 190/2014, art. 1, c. 625), testo vigente al 06/10/2026, Normattiva (retrieved on 6 October 2026)
- D.Lgs. 18 febbraio 2000, n. 47, art. 11, comma 3, testo vigente al 31/12/2014 (11%), Normattiva (retrieved on 6 October 2026)
- D.Lgs. 18 febbraio 2000, n. 47, art. 12, comma 2 (decorrenza dal 1° gennaio 2001), Normattiva (retrieved on 6 October 2026)
- Indice dei prezzi per le rivalutazioni monetarie (coefficienti di raccordo tra basi), Istat (retrieved on 6 October 2026)
- Messaggio n. 3506 del 12 febbraio 2009 (tasso di rivalutazione TFR di dicembre 2008: 3,036419%), INPS (retrieved on 6 October 2026)
- Circolare n. 160 del 27 dicembre 2019 (tasso non inferiore all'1,5% con variazione negativa dell'indice), INPS (retrieved on 6 October 2026)
- Indice dei prezzi al consumo per le famiglie di operai e impiegati (FOI), indice generale senza tabacchi, Istat (retrieved on 6 October 2026)
Istat: Data used without changing the values, to compute the revaluation rates. Licence: CC BY 4.0