VIC Notice Period - 5 weeks, Redundancy Package

[neli]

In the 5 weeks that I have a redundancy notice period, do I have to pay tax or is it tax-free for those 5 weeks?

 

[Ivy]

Hi Neli,

Here is a link to the Australian Tax Office page on Redundancy payments: Redundancy payments | Australian Taxation Office

If your notice period pay is pay that you are receiving for doing a job (ie, you're still at work), then yes, you will have to pay tax. Read the linked webpage for more information.