ato logo
Search Suggestion:

Directed termination payment

Last updated 31 May 2012

A transitional termination payment can, at your request, be paid by your employer to a complying superannuation fund or to purchase a superannuation annuity. These payments are called directed termination payments.

These payments are non-assessable non-exempt income, that is, tax-free income. Do not show directed termination payments anywhere on your tax return.