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KLA2026(I'm new)I'm new
8 Apr 2026

I've received an abnormally high income this year as a result of a payout of long service leave and holiday leave when the company I worked for closed down. Is there a way I can average this income over a number of years to avoid the high tax and the flow on effect it has on other areas assessed on my income tax?

29 views
1 replies
29 views
1 replies

All replies

YellowPotato(Taxicorn)Taxicorn
8 Apr 2026

Don't think so, leave being paid out when employment is terminated is normal. I think leave is taxed just the same as any wages you received.


You might be thinking of your redundancy payout. It's taxed differently, it would be best to see a tax agent

Liked by KLA2026

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Can I average abnormal income as an individual? | ATO Community