As the 2020 FBT return preparation process...
An employee is being terminated and it is proposed the following termination related payments will be made:
- Unused Annual Leave
- Unused LSL
- Payment in lieu of notice
- Final pay up to termination date
With some significant tightening having been made to the FBT system for 2016/17, particularly in the area of salary packaging by concessionally taxed employers, it is useful to recap...