The rules in regard to what is and is not an employment termination payment and how the benefit is taxed are complex. This course covers the nature of a genuine redundancy payment, early retirement payments, life insurance policy payments and the treatment of unused annual leave and long service leave.
Employment termination payment
Genuine redundancy payment
The taxation treatment of an ETP (life benefit)
The taxation treatment of an ETP (death benefit)
Taxation treatment of unused leave
This one hour online course forms part of the FastClass short course suite.
Identify an employment termination payment
Identify a genuine redundancy payment
Determine the taxation treatment of an employment termination payment
Identify a life benefit termination payment and when it is paid
Determine the taxation implications of a death benefit termination payment
Determine the taxation treatment for unused leave
This course is suitable for:
accountants who are licensed to provide SMSF advice
employees of accountants who are licensed to provide SMSF advice