ETP Tax Rates

The following information determines the rates applied to the tax calculation for ETPs:

1. The employee’s age at time of termination because rates fall into two categories:
   • under 55 years
   • 55 years and over (current preservation age).
2. The employee’s Tax File Number (TFN). If the employee does not supply a TFN, then they are taxed at the highest rate. (i.e. for 2016/2017 - 49% as a resident or 47% as a non-resident).

Topic: 16732