ETPs & Redundancy Payments Webinar
Identify, manage and maximise the tax treatment of employment termination payments
Identifying payments that qualify for tax concessions
Navigating the ETP cap and whole of income cap rules
When directors can pay themselves a redundancy payment
A Live Instructor Led Webinar
While the employment termination payment (‘ETP’) rules changed to limit the concessional treatment of golden handshakes, there are still a wide range of situations where employees can qualify for tax offsets or tax-free treatment on payments made in relation to the termination of their employment.
We also explore the rules dealing with genuine redundancy payments and consider some of the situations where employees can and cannot receive redundancy payments in a tax effective manner.
The ETPs & Redundancy Payments Webinar is a practical work through of the issues that every client facing adviser needs to know.
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AU $195 members
AU $235 non-members
Register Office*
AU $520 members
AU $595 non-members
Knowledge Shop members, login for the discounted rate.
Details
Recorded: 16 March 2023
FPA accredited for 1 CPD hour (30552)
- 0.75 Tax (Financial) Advice
- 0.25 Regulatory Compliance & Consumer Protection
Terms & conditions: All registrations to Knowledge Shop events are subject to our terms and conditions which include a cancellation policy. No refunds are provided for cancellations received 1 day prior to the webinar. No credits are available less than 2 hours prior to the event under any circumstances.
*Office Registrations. Maximum 20 participants per firm (must have same email domain). Individual access is provided to each attendee.
What we cover
We explore the process to classify payments received by employees in connection with the termination of their employment, and then identify the tax treatment of those payments.
It's important to understand the tax treatment of the most common payments that accompany employment termination events as well as understand the opportunities that might be available for clients to take advantage of the tax rules dealing with genuine redundancy payments.
What's included?
- 1 x 1 hour webinar
- 3 month access to Q&A embedded webinar recording
- Reference notes
- How to determine whether a payment qualifies as an ETP
- What needs to happen for tax concessions to apply?
- How the whole of income cap and ETP cap interact to determine the tax offsets that might be available
- What qualifies as tax-free?
- The conditions that need to be met for a redundancy payment to qualify for tax-free treatment
- When directors of a company can receive genuine redundancy payments
- Payments that are not classified as ETPs and how to deal with them for tax purposes
- Calculating the tax arising from:
- unused annual leave
- unused long service leave payments including leave loading
- sick leave
- rostered days off
- payments in lieu of notice
- PAYG withholding, super guarantee and reporting obligations
- Recent cases dealing with unfair dismissal and other terminations
- When compensation can be an ETP
Our presenter
Karen Vella
Karen has ‘been there and done that’, having trained with the Big Four, initiated her own successful small practice before moving to Hayes Knight as a Partner.
Karen solidified her role as an educator at Webb Martin (Kaplan) before creating her own consultancy.
She has worked her magic on leading accounting practices around the country and is a trainer for leading in-house training company TaxBanter and for Knowledge Shop.