Employment Termination Payments (ETPs) in Australia: What You Must Know Before Quitting or Getting Fired
When your employment ends in Australia, you could be entitled to an Employment Termination Payment (ETP) a lump sum that covers redundancy, notice pay, or unused leave. Understanding how ETPs are taxed can help you avoid ATO penalties and keep more of your payout. Discover how ETPs work, current tax rates, and key rules to know before quitting, retiring, or being made redundant in 2025.