correct ato reporting category allocation for genuine termination payments STP phase 2

Question

I am on stp phase 2 and would love some clarification on linking ato reporting categories for a genuine redundancy lump sum payment with the following components:

Termination Severance - (if entire amount is below taxable threshold) should it be linked to:

ATO Reporting category - Lump sum D

or ATO Reporting category - ETP tax free comoponent

Unused leave - should it be linked to:

ATO Reporting Category - Lump sum A - Redundancy

or ATO Reporting category - ETP taxable component

Tax on unused leave - should it be linked to:

payg withholding - under tax tab

or termination pay tax - ETP - Tax Witholidng - under deductions tab

tracey_h · Answer

Hi&nbsp;ccg&nbsp;
&nbsp;
Thanks for your post. We're not permitted to advise on which ATO reporting categories to assign to payments. You will to check this with your accountant or the ATO.
&nbsp;
The Help Article, Assign ATO reporting categories, has general information and links to the ATO website.
&nbsp;
Please let me know if you need further help.
&nbsp;
If my response has answered your enquiry please click "Accept as Solution" to assist other users find this information.

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correct ato reporting category allocation for genuine termination payments STP phase 2

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