A fact of employment is that employees will be terminated for various reasons whether voluntary or involuntary. In considering how to tax an employee’s termination payment, there are a number of complex taxation provisions that impact on the amount of the termination payment which is subject to tax and the rate of tax that applies. In addition, various thresholds, limits and caps may also need to be applied.
This webinar will go through the key types of termination payments, the circumstances when each applies and appropriate rates of tax to be used.
Recorded on 26 February 2021.
Presented by Gary Matthews
1 CPD Hour