Employing staff Dates
JUL 20Employer deductions payment due for 1 to 15 July if you deduct more than $500,000 PAYE and ECST per year.
JUL 20Employer deductions payment due for June if you deduct less than $500,000 PAYE and ESCT per year.
JUL 20Your FBT quarterly return and payment are due for the period ending 30 June if you have a March balance date.
Redundancy is when you end someone’s employment because their position is not needed anymore. A redundancy payment can be made when the person's employment is terminated. You might make a redundancy payment to:
- an employee whose position is no longer needed
- a seasonal worker whose usual seasonal position is no longer needed (this only applies if the employee works for you at a regular time each year and does not work year round).
Redundancy payments are taxed at the lump sum rate. The ACC earners’ levy does not apply to redundancy payments.