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Angela L.
Angela L.
Howard Springs, NT
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What is the tax rate for ETP termination of employment for an individual who is over 56 - is it 32% or 17%?

3 years ago

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HI There

OK there answer is not a simple question. It depends on what is included. Things like a genuine redundancy and Long Service leave or unused annual leave can conflate the situation.

For full details check out this ATO paper which explains all.

If you are still unsure drop me an email aj@shuriken.com

https://www.ato.gov.au/uploadedFiles/Content/MEI/downloads/BUS00355078N709800513.pdf

AJ

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