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Redundancy - an end to tax savings

Posted by Naomi Rosenthal on Monday, February 20, 2012 Under: Superannuation

Have you been offered a voluntary redundancy? Are you in a position to negotiate termination with your employer?
If so, consider that the transitional rules for employer termination payments (ETPs) are set to end on 30 June 2012. This will have a marked impact on how much tax you will pay on benefits after 1 July and you will no longer be able to direct part of the ETP into super.
If you are in a position to take bona fide redundancy or early retirement, contact us today to discuss the implications of these rule changes.

In : Superannuation 

Tags: redundancy tax savings etp "termination payments" 

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