When someone stops working for you, you may need to:
- make employment termination payments
- report those payments to us
- meet superannuation obligations
- meet fringe benefits tax (FBT) obligations.
Find out about:
See also:
- Your workers
- Tax table for employment termination payments
- Taxation of termination payments
- Single Touch Payroll Phase 1 – finalising your STP data
- Single Touch Payroll Phase 2 – when an employee transfers or leaves
- PAYG payment summaries: forms and guidelines
- Super for employers
- Fringe benefits tax (FBT)
Death of an employee
Generally, you should not withhold amounts from salary or wages paid after the death of an employee. This applies to income that was earned prior to death, but paid after the death of the employee.
Similarly, you should not withhold amounts from payments for unused annual leave or unused long service leave paid after the death of the employee.
You may need to withhold from a death benefit employment termination payment (death benefit ETP). This means any amount that would have been an ETP if the employee was alive at the time of payment.
Examples include:
- unused sick leave
- unused rostered days off
- a payment for redundancy or retirement (a 'golden handshake').
Payer guide
The following table provides a step-by-step guide for payments made to a deceased employee.
If you report through Single Touch Payroll, you can choose whether to provide a payment summary.
See also:
- Single Touch Payroll Phase 1 – death benefit ETP
- Single Touch Payroll Phase 2 – paying an ETP to a death beneficiary
Step |
Action |
---|---|
1 |
Prepare a payment summary for payments made to the employee in the current financial year, showing gross payments and amounts withheld before the date of death. |
2 |
Prepare the employee's entitlement including:
Do not:
|
3 |
Calculate the amount of death benefit ETP and withhold the required amount as listed in Schedule 11 – Tax table for employment termination payments. |
4 |
Payments for work or services made after the death of the employee are made to either the:
These amounts must not be shown on the deceased employee's payment summary. However, the payer may wish to provide the estate, trustee or executor of the deceased employee with a statement about these payments to assist in completion of the income tax return for the deceased person's estate. |
See also:
Meeting your tax, super and employment termination payment obligations when someone stops working for you.