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Employment Termination Payments (ETP)

Employment termination payments
Employment termination payments (ETPs) are specific payments made to your not-for-profit organisation's employee when they stop working for you. ETPs are subject to concessional tax treatment depending on the employee’s age and length of employment.
Redundancy payments
Find out about redundancy payments and what they include. Payments you receive for a genuine redundancy are tax-free up to a limit based on the number of years you had worked for that employer.
Schedule 11 - Tax table for employment termination payments
Tax table for payments made to an individual as an employment termination payment or a delayed termination payment. For payments made on or after 1 July 2018.
Schedule 7 - Tax table for unused leave payments on termination of employment
Tax table for payments made to an employee for unused leave on termination of their employment. For payments made on or after 1 July 2018.
Taxation of termination payments
Find out how to calculate and report the tax on an employment termination payment (ETP) and other payments when an employee's employment is terminated.