ETPs & Redundancy Payments Webinar 2024

Identify, manage and maximise the tax treatment of ETPs. a practical work through.

This webinar has completed.

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

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.

Date & Details

Thursday, 25 July 2024

Time
12:00pm - 1:15pm AEST
11:30am SA & NT
10:00am WA

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.

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

Lee-Ann Hayes

Head of Tax Education, TaxBanter

Lee-Ann is a respected tax professional with 25 years’ experience in Australian taxation law. Her varied roles include training, content creation and advice, giving her extensive practical experience in the daily tax issues faced by practitioners.

Lee-Ann’s taxation journey began at the Australian Taxation Office where she held various technical and education positions. From there Lee-Ann has worked in both public practice and for several national training organisations. She has extensive experience in developing and delivering tax education to a wide and varied audience, including graduate accountants, big four accounting firms and professional associations.

Renowned for her enthusiastic, approachable and engaging presentation style, Lee-Ann has a strong practical focus, ensuring effective learning outcomes are always achieved.