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  • Schedule 32 – Tax table for employment termination payments


    For payments made on or after 1 July 2013 to 30 June 2014

    This document is a withholding schedule made by the Commissioner of Taxation in accordance with sections 15-25 and 15-30 of schedule 1 to the Taxation Administration Act 1953. It applies to withholding payments covered by paragraph 12-85 (b) of schedule 1.

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    Who should use this table?



    This information may not apply to the current year. Check the content carefully to ensure it is applicable to your circumstances.

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    You should use this table if you pay an individual an amount that is either:

    • an employment termination payment (ETP)
    • a delayed termination payment – that is, a payment that would be an ETP except it was paid more than 12 months after the relevant termination of employment (for more information, see Delayed termination payments).

    Find out more

    For more information about changes to ETP's, refer to Taxation of termination payments.

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    Employment termination payments

    An ETP is a lump sum payment paid either:

    • to an individual when their employment is terminated
    • after the death of an employee.

    ETPs include lump sum payments paid upon resignation, retirement or death. A payment from a super fund is not an ETP.

    A payment must generally be made within 12 months of termination to qualify as an ETP. A payment made outside 12 months is a delayed termination payment, unless we have given approval for the payment to be treated as an ETP.

    Last modified: 29 Oct 2013QC 34733