I was made redundant in March 2023, when my position was abolished.
My Income Statement includes the following lines:
Lump sum payment A $33,062.42
Lump sum payment A - type T
Lump sum payment D $28,982
Why would the type be T when I only received a payout of my annual leave because I was genuinely made redundant?
Moreover, for the ETP that I received for the same job, the code is R?
Hi @peter_phelps,
You are correct that for lump sum payment A if it's a genuine redundancy the code is R. Code T would be used for all other situations.
If this has been reported incorrectly. You can approach the employer to make corrections.
We have a great page for employment termination payments and the codes you may find helpful.
Hi @peter_phelps,
You are correct that for lump sum payment A if it's a genuine redundancy the code is R. Code T would be used for all other situations.
If this has been reported incorrectly. You can approach the employer to make corrections.
We have a great page for employment termination payments and the codes you may find helpful.
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