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ETP/Lump sum

Not available in Accountants Office

Amount of transitional cap previously used

Transitional termination payments information can be found here.

If the taxpayer has received a previous Transitional ETP payment or two Transitional ETP payments, each of the Taxed and Untaxed elements will count towards the cap.

Amounts that exceed the Transitional ETP cap amount ($1,000,000) will be taxed at the top marginal rate plus Medicare.

Click OK to display the Employment Termination Payments dialog. This is a transactional dialog which is used when there is more than one entry to be made for the details exactly as described on the ETP payment summary received. Refer to Employment Termination Payments (ETPs).

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