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Retirement and Unused Leave

Retirement and Unused Leave If you’re approaching retirement with significant leave entitlements, this article may help you plan for your exit date and optimise your after-tax payments. For the purposes of this presentation, the unused leave we’re referring to is in the form of annual leave and long service leave. Depending on the arrangement with an employer, a retiring employee could choose to take the unused leave as a lump sum payment at retirement OR delay retirement by taking the paid leave and finish when the leave runs out. I will take you through the pros and cons of the two options from a tax, Centrelink and superannuation perspective. Is superannuation paid on unused leave? Unused leave and tax Option to delay retirement to satisfy ‘Work Test’ Unused leave and Centrelink benefits To download the book 12 PRINCIPLES OF INVESTING: https://ebook.aboutretirement.com.au/... Contact details: Katherine Isbrandt of About Retirement Website: https://aboutretirement.com.au/ Email: hello@aboutretirement.com.au Or connect with me: https://www.facebook.com/katherineisb...   / katherineisbrandt     / katherineisbrandt   https://www.pinterest.com.au/katherin... FSG: https://aboutretirement.com.au/wp-con... Katherine’s Adviser Profile: https://aboutretirement.com.au/wp-con... Shaun’s Adviser Profile: https://aboutretirement.com.au/wp-con... #KatherineIsbrandt #ShaunJones #AboutRetirement #RetirementAndUnusedLeave