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Tax on termination

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Newbie

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Hi there.

 

Is the tax rate different for termination payments on unused entitlements?

 

Thanks,

Christine

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Best answer

Taxicorn

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Depends on the circumstances of the termination payment and what those entitlements were and when they were accumulated.

 

https://www.ato.gov.au/Rates/Schedule-7---Tax-table-for-unused-leave-payments-on-termination-of-empl...

 

1 REPLY 1
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Best answer

Taxicorn

Replies 0

Depends on the circumstances of the termination payment and what those entitlements were and when they were accumulated.

 

https://www.ato.gov.au/Rates/Schedule-7---Tax-table-for-unused-leave-payments-on-termination-of-empl...