• Lump sum payments for unused annual or long service leave

    If you received any lump sum payments from your employer for unused annual leave or unused long service leave, it may be taxed at a lower rate than your other income. If you have received such a lump sum payment it will appear at either 'Lump sum A' or 'Lump sum B' on the payment summary or statement you received. Make sure you complete your tax return correctly so you do not pay too much tax.

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    Taxation of termination payments

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    • Last modified: 07 Mar 2013QC 27126