Peru CTS Calculator

CTS is not worked out on your salary, but on your salary plus one sixth of your gratificación

Reference table

Monthly salary	You get	Computable remuneration	The sixth of the gratificación
100	258.33	516.67	416.67 — one sixth of your last gratificación
200	308.33	616.67	416.67 — one sixth of your last gratificación
250	333.33	666.67	416.67 — one sixth of your last gratificación
500	458.33	916.67	416.67 — one sixth of your last gratificación
750	583.33	1,166.67	416.67 — one sixth of your last gratificación
1,000	708.33	1,416.67	416.67 — one sixth of your last gratificación
1,250	833.33	1,666.67	416.67 — one sixth of your last gratificación
1,500	958.33	1,916.67	416.67 — one sixth of your last gratificación
2,000	1,208.33	2,416.67	416.67 — one sixth of your last gratificación
2,500	1,458.33	2,916.67	416.67 — one sixth of your last gratificación
3,000	1,708.33	3,416.67	416.67 — one sixth of your last gratificación
4,000	2,208.33	4,416.67	416.67 — one sixth of your last gratificación
5,000	2,708.33	5,416.67	416.67 — one sixth of your last gratificación
7,500	3,958.33	7,916.67	416.67 — one sixth of your last gratificación
10,000	5,208.33	10,416.67	416.67 — one sixth of your last gratificación

📅 When you get paid

November to April periodDeposit by 15 May
May to October periodDeposit by 15 November
Free 100% withdrawalUntil 31 December 2026
From January 2027The 50% of the excess regime returns

What changes your deposit

The sixth of the gratificación is what gets forgotten most. On a salary of 2,500 soles that is 417 more in the base, in every deposit, twice a year.
Full months and odd days go separately: twelfths for the months and three-hundred-and-sixtieths for the days. The calculation year is 360 days, not 365.
The family allowance is a fixed amount, 10% of the RMV (the statutory minimum wage), the same for every salary. If you have children and are not being paid it, check: it also goes into the CTS base.
The 100% withdrawal expires on 31 December 2026. From January 2027, unless a new law says otherwise, you can only take out up to 50% of whatever exceeds four monthly salaries.

The sixth almost nobody adds

CTS — Compensación por Tiempo de Servicios — is Peru's severance savings fund: money your employer deposits twice a year and that is there for the time you spend out of work. What almost no calculator gets right is the base it is worked out on. It is not your salary: it is the remuneración computable, the computable remuneration, which is your salary plus the asignación familiar (the family allowance) if you receive it plus one sixth of your last gratificación, the statutory bonus paid in July and December. That sixth is the share of the bonus belonging to the half-year, and it is the piece that falls out of every quick sum. On a salary of 2,500 soles it adds 417 soles to the base of every deposit, twice a year, for your whole working life. The average of anything variable you are paid regularly also goes in: commissions, habitual overtime, bonuses that repeat.

Full months and odd days

The deposit is the computable remuneration divided by twelve and multiplied by the full months of the half-year, plus that same remuneration divided by 360 and multiplied by the odd days of the incomplete month. Both terms sit on the same scale because the working year used for the calculation is 360 days and not 365: that is why 30 odd days are worth exactly the same as one more month, and if your payslip does not add up that way, one of the two divisors is wrong. A full half-year is six twelfths, that is, half a computable remuneration. The deposits go into a CTS account at your bank, not into your salary account, and you are the one who picks it: if you say nothing, the company opens it wherever suits the company.

What to keep in mind

The 100% withdrawal authorised by Law 32322 expires on 31 December 2026. From January 2027, unless a new law says otherwise, the ordinary regime returns: only whatever exceeds four gross monthly salaries, and of that excess up to 50%.
An incomplete month does not count as a month. Its days go separately, in three-hundred-and-sixtieths. Rounding up inflates the deposit.
If your pay is variable, the base is the average of what you earned over the half-year, not the last month. With high commissions the difference is large.
CTS is not subject to AFP, ONP or EsSalud contributions, nor to fifth-category income tax on employment income. It is one of the few things that arrive whole.
You have the right to choose the bank where it is deposited. If you do not say so, the company chooses for you, and rates between banks differ quite a lot.
Anyone with certified cancer or terminal illness can withdraw 100% at any time, without depending on the temporary law.

Where this calculator stops

It does not average variable pay for you: it uses the salary you type in. If you earn commissions, work out the half-year average first.
It does not cover special regimes such as agriculture, civil construction or micro-enterprises, which have rules of their own.
It does not calculate the interest the CTS account earns, which depends on the bank and the type of account.
It does not apply the withdrawal cap of the ordinary regime returning in 2027: it gives the deposit, not what you can take out.
It does not account for deductions from loans secured against your CTS, if you have any.
Your company's payslip is what counts. This is here so you can tell whether the number they deposit makes sense.

Worked examples

With the sixth and without it

S/ 2,500 salary, full half-year, gratificación of S/ 2,500

Sixth of the gratificación = 2,500 / 6 = 416.67
Computable remuneration = 2,500 + 416.67 = 2,916.67
Deposit = (2,916.67 / 12) × 6 months

S/ 1,458.33. Leaving the sixth out would give S/ 1,250: some 208 soles less

S/ 3,000 with 4 full months and 12 days

Computable = 3,000 + 3,000/6 = 3,500
For months = (3,500 / 12) × 4 = 1,166.67
For days = (3,500 / 360) × 12 = 116.67

S/ 1,283.34. The 12 days are worth 116.67, not a fraction of the whole month

Frequently Asked Questions

Why is my CTS higher than what I worked out?

Almost always because you did not count the sixth of the gratificación. The CTS base is not your salary: it is your salary plus the asignación familiar if you receive it plus one sixth of your last gratificación, the statutory bonus. On a salary of 2,500 soles, that sixth adds 417 soles to the base and some 208 to each half-yearly deposit.

Can I withdraw all of my CTS?

Until 31 December 2026, yes: Law 32322 authorises withdrawing 100%. From 1 January 2027, unless a new law appears, the ordinary regime returns, under which you can only touch whatever exceeds four gross monthly salaries, and of that excess up to 50%. Anyone with certified cancer or terminal illness can always withdraw 100%.

When is it deposited?

Twice a year. The deposit for the November to April period is due by 15 May at the latest, and the one for the May to October period by 15 November. If your company misses those dates it is committing an infringement and SUNAFIL, the labour inspectorate, can fine it.

Does CTS pay tax or contributions?

No. CTS is not subject to AFP or ONP pension contributions, does not pay into EsSalud and is not taxed under fifth-category income tax on employment income. It is one of the few items that reach you whole. What the deposits do earn is interest, depending on the bank holding them.

What if I joined in the middle of the half-year?

You get the proportional part, and it is counted in two pieces: full months go in twelfths of your computable remuneration, and the odd days of the incomplete month go in three-hundred-and-sixtieths. A part month does not count as a whole month. And note: 30 odd days are worth exactly the same as one more month, because the working year used for the calculation is 360 days.

Can I choose which bank it is deposited in?

Yes, and it is worth doing. The law gives you the right to choose the institution and the type of account, and to change it once a year. If you say nothing, the company opens it wherever it finds convenient. Interest rates between banks and finance companies differ quite a lot, and on a balance that builds up over years the difference shows.