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 Redundancy Benefit Claim Form 99KB  ACIRT 2015

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Video instructions and help with filling out and completing Redundancy Benefit Claim Form 99KB ACIRT

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Instructions and help about Redundancy Benefit Claim Form 99KB ACIRT

Hello, my name’s Craig. Today I’m going to talk to you about the payments you might get if you’ve been retrenched or made redundant. I’ll explain how tax is worked out on these payments, and discuss how they might affect any payments from Services Australia, including Centrelink and Child Support. There are three types of payment that you might receive when you are made redundant or are retrenched. They are Redundancy payments, which is a payment made to you as an employee if you're dismissed because the job you were doing has been abolished, usually based on your years of service. Some of this may be tax free Employment termination payments, which includes unused rostered days off, any of the taxable parts of your redundancy payments, and Unused leave, which includes annual leave and long service leave that you have accrued but not used We’ll cover these in more detail through this presentation. A genuine or bona-fide redundancy payment is a payment made to you as an

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