Death of Employee
We sadly lost a young employee and I need to process entitlements owing (annual leave, loading & long service leave) I understand that I am not to withhold tax for starters. Hopefully, someone here ...
Forum Discussion
Hello cathyl
An ETP is a lump sum payment you make to an employee when they stop working for you. For detailed information about this type of payment, visit the ATO website. An ETP may include certain payments after the death of an employee.
I would suggest checking with your financial advisor on the best way to process this, but you should be able to change the bank details to that of where you are paying out and then not need to add in an employee.
I have linked our Help Article on processing termination payments, which will cover all payroll categories you will need to make.
