Employment termination benefit rates for 2014/15

Written on the 21 March 2014 by Macmillans Waller Fry - Accountants in Maitland

The ATO has just released the employment termination benefits tax rates which will apply in respect of the 2014/15 financial year.

  • Life benefit cap – employment termination payments – increased to $185,000 from $180,000
  • Death benefit cap – employment termination payments – increased to $185,000 from $180,000
  • Genuine redundancy and early retirement scheme payment limits – base limit increased to $9,514 (previously $9,246) and the “complete year of service amount” increased to $4,758 (previously $4,624).

Author: Macmillans Waller Fry - Accountants in Maitland

 

“Building a Better Tax system” What does this mean for you?

The Australian government has launched the Better Tax campaign in order to help inform the public of tax reforms coming into effect. Designed to “better Australia”, here is a look at what this plan is and its meaning for you. What it is:The Better Tax initiative is designed to help prevent bi...
Read More...


Payday loan apps and websites; the pros and cons

Personal loans have become a fast-growing financing option for consumers, with payday apps and websites gaining popularity. For aid between paychecks, payday loans can be very helpful for the pay cycle lull. Taking out a loan is not something to enter into lightly though, there are many variables...
Read More...

associations

 

 

Who we are

 

What we do

 

Macmillans - Accountants

Address:40 Church Street

Maitland NSW 2320

Phone:02 4933 4444

Fax:02 4933 7781

Email

 

Online PaymentContact Us