This is the ultimate tool in calculating an employee's termination pay. Covering 99% of all terminations, this calculator will save you an enormous amount of time once you have all of the data from your client. It covers all the usual items such as Annual Leave, AL Loading, Long Service Leave, Redundancies, but it also covers the more unusual items such as Invalidity Payments and Golden Handshakes. Not only that, but it summarises each leave type to allocate against the Whole of Income Cap and the Eligible Termination Payments ETP Cap. It then summarises the payouts for you and lets you know which amounts have superannuation applicable and which do not. Finally, it lets you know where on the Income Statement the amounts need to go to make entry into the payroll system a lot easier. If you are ever asked to calculate a Termination Payment, you will need this calculator to assist you.
