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  • Employment termination payment

    Use PAYG payment summary – employment termination payment if you make an employment termination payment (ETP) to:

    • an employee whose employment has been terminated
    • a non-dependant because of an employee's death
    • a dependant because of an employee's death, if the taxable component of the payment exceeds the ETP cap (the ETP cap is $200,000 for the 2017–18 financial year)
    • a trustee of a deceased employee's estate.

    Do not use this payment summary for amounts you have withheld from payments that are:

    • salary or wages including unused leave paid to an employee, company director or office holder
    • under a labour-hire arrangement or other specified payment
    • under voluntary agreements to withhold
    • for supplies where an ABN was not quoted
    • super lump sums
    • super income streams
    • personal services income attributed to an individual.

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    Last modified: 29 Apr 2019QC 18651