Tax Table For Unused Leave Payments

(last updated 12/04/2014)

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This table summarises the tax treatment of various types of termination payments for Lump Sum A and Lump Sum B.


Payment type
Reason
Accrual dates
Withholding rates
(including the Medicare levy)
Payment summary label
Long service
leave
Normal termination
(for example, voluntary resignation, employment terminated due to inefficiency, retirement)
Pre-16 August 1978
5% of total at marginal rates
Lump sum B
16 August 1978 to
17 August 1993
31.5%
Lump sum A
Post-17 August 1993
Marginal rates
Include in
salary/wages
Termination because of genuine redundancy, invalidity or early retirement scheme
Pre-16 August 1978
5% of total at marginal rates
Lump sum B
16 August 1978 to
17 August 1993
31.5%
Lump sum A
Post-17 August 1993
31.5%
Lump sum A
Annual leave
Normal termination
(for example, voluntary resignation, employment terminated due to inefficiency, retirement)
Pre-18 August 1993
31.5%
Lump sum A
Post-17 August 1993
Marginal rates
Include in
salary/wages
Termination because of genuine redundancy, invalidity or early retirement scheme

31.5%
Lump sum A
Annual leave loading
Normal termination
(for example, voluntary resignation, employment terminated due to inefficiency, retirement)
Pre-18 August 1993
31.5%
Lump sum A
Post-17 August 1993
Marginal rates
Include in
salary/wages
Termination because of genuine redundancy, invalidity or early retirement scheme

31.5%
Lump sum A

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