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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.
PAYG withholding on payments to employees made redundant
How to find information about the different payments you may make, and your pay as you go (PAYG) withholding and super obligations when an employee leaves. NAT 73010
Redundancy payments
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.
Taxation of termination payments
Information for employers on how to calculate and report the tax on an employment termination payment (ETP) and other payments when an employee's employment is terminated.