ato logo
Search Suggestion:

Informing your employees

Last updated 9 November 2023

Employment termination payments – for employees explains:

  • how termination payments are taxed
  • how the caps work, including the tax implications for employees who are subject to the whole-of-income cap
  • what employees need to do with their income statements or payment summaries and how to report these payments on their tax return.

You can provide this information to employees with your letter of offer or pay as you go (PAYG) payment summaries.

 

 

QC81804