Premium guideline: Rateable remuneration: Termination payments

Generally speaking, payments that arise from a worker’s resignation, retirement, retrenchment or dismissal are not included as rateable remuneration. If you’re not sure what counts, read this.
Last updated

Jul 2014

Reading level

medium

File Type and Size

PDF, 37.88 kB

Document Length

2 pages

What it contains

Rateable remuneration is payment made to a worker that is subject to a premium. It’s not always obvious what is and is not rateable remuneration.

Termination payments – including redundancy payouts and accrued leave – are not part of rateable remuneration.

This document outlines the end-of-employment payments that are rateable remuneration and gives instructions on what to do if the final payout is a lump sum or combination of rateable and non-rateable remuneration.