ETP Tax

This window holds the definitions on age, percentage, and dollar threshold for Employee Termination Pay (ETP) Tax Tables maintained along with other Tax Tables updated each Year End.

Prerequisites

  • No prerequisites

Rules and Guidelines

  • The ETP Tax information displayed on this window are governed by the ATO and should not be changed.
  • When the ETP Tax code is selected any existing details are displayed.

Field Information

This displays the selected Employee Termination Pay (ETP) Code.

Code Description
DD Death Benefit - Dependant (D)
DN Death Benefit - Non Dependant (N)
DT Death Benefit - Trustee (T)
LB Life Benefit - Excluded (R)
LN Life Benefit - Non Excluded (O)
TF Tax Free

 

This the age range based on the corresponding threshold before the percentage is obtained.

This is the dollar threshold for the tax percentage.

This is the percentage of tax based on the threshold.