Taxation of termination payments
How to calculate and report the tax on an ETP and other payments when an employee's employment is terminated.
Use the table below to work out which payments to include in the employee's ETP.
Find out about genuine redundancy, early retirement scheme payments and reporting the tax-free amounts.
ETPs are concessionally taxed up to a certain limit, or 'cap'. The top rate of tax applies to amounts over the cap.
How to calculate and apply the whole-of-income cap amount to an ETP.