Eligible Termination Payment. Is the concessionally taxed lump sum payment you'll receive on termination of employment - either from your employer or from GESB.
Eligible termination payment. Lump sum payments made by an employer to an employee on termination of employment, includes superannuation but not annual leave or long service leave.
Eligible termination payment. ETPs are lump sum payments from a superannuation fund, approved deposit fund, retirement savings account or ETP annuity, as well as some employer payments such as 'golden handshakes'. ETPs within the RBLs are taxed at the concessional rate.
Eligible Termination Payment. A payment on cessation of employment to an employee by an employer or to a member by a superannuation fund, RSA or ADF. If the person concerned is under 65 years, the ETP can be rolled over to any of the latter.
Eligible Termination Payment. A type of lump sum payment received on retirement, resignation or retrenchment. Includes superannuation payouts, golden handshakes from employers and payments in lieu of accrued sick leave. Does not include lump sum payments in lieu of accrued annual leave, accrued long service leave or bona fide redundancy payments within tax free limits. (see also Eligible Termination Payments (ETPs))
Eligible Termination Payment. This term generally refers to a lump sum payment from an employer, superannuation fund, approved deposit fund or deferred annuity. It also covers lump sum payments arising from a commutation of an annuity/pension and a withdrawal from a rollover fund. Lump Sum Payments of Long Service and Annual Leave are not usually classified as ETPs and are subject to their own tax rules.
Eligible Termination Payment. A payment received on retirement, resignation or retrenchment or from a superannuation fund. Some components of ETPs are given special tax benefits.
Eligible Termination Payment. Lump Sum payment from a superannuation fund or RSA. Depending on the circumstances, the benefit may be able to be paid directly to the member or may be rolled over to another fund. An ETP may also be paid by an employer in respect of certain entitlements when a member ceases employment. See Subdivision AA of Division 2 of Part III of the Income Tax Assessment Act 1936
Eligible Termination Payment. Part of the payments received on retirement, retrenchment or resignation or if you draw money out of super. It has tax advantages.
Eligible Termination Payment. a payment from a superannuation fund, or employer, to a person upon resignation, retrenchment, disablement, death or retirement. Such payments can be rolled over to anotehr super fund, or can be taken in cash in some circumstances.
Eligible Termination Payment. A payment made by an employer, superannuation fund, rollover fund or retirement savings account. In some cases, you may be able to cash some of your superannuation Eligible Termination Payment, however you will forfeit the tax concessions that would apply if you rolled it over into a superannuation fund. Calculate the amount of tax payable on your Eligible Termination Payment with the ETP Tax Calculator.
Eligible Termination Payment. This is the term used to describe lump sum funds received when retiring or changing employment that can be rolled over into an Approved Deposit Fund or Deferred Annuity. ETPs can include payments from a superannuation fund, approved deposit fund, deferred annuity, commutation of an annuity / pension , unused sick leave and ‘golden handshakes.
Eligible Termination Payment. An Eligible Termination Payment (ETP) is a lump sum received by a person from a superannuation fund, other roll-over fund or certain payments from an employer. An ETP is concessionally taxed and may consist of a number of ‘components', which are taxed at different rates. If an ETP is taken as cash it will be taxed immediately. If it is ‘rolled over', some or all tax will be deferred until it is ultimately withdrawn.
Eligible Termination Payment. A lump sum payment made to an individual by an employer (or from a superannuation fund/approved deposit fund) as a result of retrenchment, retirement, resignation, death or disablement. ETPs are subject to concessional tax rates.
Eligible Termination Payment. Any lump sum payment from a superannuation fund, an employer on termination of employment, or a rollover fund, such as an approved deposit fund (ADF).
Eligible Termination Payment. a payment from a superannuation fund, approved deposit fund or employer to a person.
Eligible Termination Payment. A payment an employee receives when he or she leaves a place of employment for any reason, which in order to minimise tax liability, can be rolled over into investments such as Approved Deposit Funds.
Eligible Termination Payment. An eligible termination payment may be paid when you resign, retire, are made redundant or if you are disabled and is a payment from a superannuation fund or your employer which is eligible for a lower rate of tax.