The Finiquito in Spain: What Your Final Pay Settlement Must Include (2026)

The finiquito is the money you are already owed when a job ends, settled on the way out. It is one of the most misunderstood documents in Spanish employment, partly because people confuse it with severance and partly because signing it feels final in a way it is not always meant to be. This page sets out what it must contain, what signing it does, and the deadline to challenge it. To put numbers on a real one, use the finiquito calculator.

Information last verified on 22 July 2026. This page provides general legal information about Spanish employment law and does not constitute legal advice in an individual case.

What the finiquito must contain

The finiquito is a settlement of accrued amounts, not a fixed formula. In an ordinary case it adds up:

• The salary for the days actually worked in the final month, up to the termination date.
• Accrued but untaken holiday (vacaciones devengadas y no disfrutadas). Under art. 38 you earn holiday across the year, and any you did not take is paid in cash at the end.
• The proportional part of the pagas extraordinarias. Spain's extra payments (art. 31) accrue over the year, so on leaving mid-cycle you are owed the fraction earned so far, unless they were already prorated into your monthly salary.
• Any other pending amounts, such as unpaid overtime, commissions or expenses.

What it does NOT contain is the indemnización. Compensation for a dismissal is a separate figure and is not part of the finiquito.

The finiquito is not the indemnización

This is the confusion worth killing outright. The indemnización is compensation for a dismissal, owed only when the dismissal is improcedente or falls into the objective or collective categories. The finiquito is what you have already earned, owed on every ending.

A worker who resigns gets a finiquito and no indemnización. A worker dismissed unfairly gets both, as two separate figures. Treating a finiquito payment as if it were the severance, or accepting a finiquito believing it includes compensation it does not, is a costly mistake.

Signing it: your rights

Signing the finiquito can matter, but it is not the trap it is sometimes made out to be. Art. 49.2 ET gives you two protections. First, the employer must provide a proposed liquidation document when it notifies the end of the contract, so you can see the breakdown rather than sign a bare total. Second, you may ask for a legal representative of the workforce to be present when you sign the recibo, and the document records whether one was present, whether you chose not to use the option, or whether the employer prevented it.

Signing does not automatically extinguish every claim. You can write 'no conforme' (not in agreement) next to your signature to take the money while reserving the right to claim the rest. Spanish courts look at the wording of the receipt and the circumstances, not the signature alone, when deciding whether a finiquito has a settling (liberatorio) effect. If the figure looks wrong, do not sign a clean acceptance; sign under reservation or take advice first.

The one-year clock

Unlike the 20-día caducidad for challenging a dismissal, a claim for unpaid amounts in the finiquito follows the ordinary rule in art. 59 ET: actions arising from the contract prescribe one year after it ends. That is longer than the dismissal deadline, but it is not open-ended, so a finiquito that underpays should be challenged within the year rather than left. For the wider map of endings and deadlines, see the employment law overview.

This page is general legal information about Spanish employment law and does not constitute legal advice in an individual case. The controlling text is always the current version of the Estatuto de los Trabajadores in the BOE.

Frequently Asked Questions

What is a finiquito?

It is the settlement of the amounts you have already earned but not yet been paid when your contract ends: the salary for the days worked in your last month, holiday you accrued but did not take, and the proportional part of your extra payments (pagas extraordinarias). It is owed on any termination, including a resignation.

Is the finiquito the same as severance?

No. The finiquito is what you have already earned and is owed on every ending. Severance (the indemnización) is separate compensation owed only on certain dismissals. You can receive one without the other: a worker who resigns gets a finiquito but no indemnización, while a worker dismissed unfairly gets both as separate figures.

Should I sign the finiquito?

You can, but check the figures first, and you do not have to accept it as full and final. Under art. 49.2 ET you may ask for a workers' representative to be present, and you can sign 'no conforme' to take the payment while reserving the right to claim more. A court looks at the wording and the circumstances, not just the signature, so a reserved signature protects a later claim.

How long do I have to claim an unpaid finiquito?

Generally one year from the end of the contract, under art. 59 of the Estatuto de los Trabajadores. That is longer than the 20-working-day deadline to challenge a dismissal, but it still runs, so an underpaid finiquito should be claimed within the year.