by Dog_ger » Mon Feb 23, 2009 8:08 am
by Dirko » Mon Feb 23, 2009 8:31 am
by TEX07 » Mon Feb 23, 2009 8:33 am
by mighty_tiger_79 » Mon Feb 23, 2009 3:31 pm
by JK » Mon Feb 23, 2009 3:52 pm
by bayman » Mon Feb 23, 2009 6:50 pm
by Dutchy » Mon Feb 23, 2009 7:59 pm
by Thiele » Mon Feb 23, 2009 9:00 pm
by Dog_ger » Mon Feb 23, 2009 9:07 pm
by Thiele » Mon Feb 23, 2009 9:11 pm
Dog_ger wrote:I cashed my long service in and paid off Debt....
Think about it Thiele...?
I have accumulated over 300 hours Annual Leave,
Same with Sick Leave.
by Dog_ger » Mon Feb 23, 2009 9:13 pm
by Hondo » Mon Feb 23, 2009 9:39 pm
Dutchy wrote:...if you get a redundancy you wont have the cushion of LSL payout (which is at a low tax rate) to assist you in the transition to a new job
by Dog_ger » Mon Feb 23, 2009 9:41 pm
by Dutchy » Mon Feb 23, 2009 11:18 pm
hondo71 wrote:Dutchy wrote:...if you get a redundancy you wont have the cushion of LSL payout (which is at a low tax rate) to assist you in the transition to a new job
You still get it so long as the employer is still in business. Annual and LSL are legal entitlements even if you are made redundant. In fact the tax rates are capped at 31.5% if the leave payout is part of a redundancy so it can be better than getting a LSL payout when you resign (then it taxed at normal rates).
Also, paid out notice periods on redundancy are tax free up to a reasonably large cap.
Or do you mean if it employer goes bust? Then it's a different story (still your legal entitlement but employer prob has no $ to pay it out). Leads to another point - getting it paid out as you go (or taking it) can be a safer strategy if you work for a small employer. Lock it into your bank account while they have the $ to pay it out (which is easier for them in smaller doses).
by Hondo » Tue Feb 24, 2009 7:45 am
by Psyber » Tue Feb 24, 2009 8:10 am
by mypaddock » Tue Feb 24, 2009 8:21 am
by Booney » Tue Feb 24, 2009 8:23 am
by Q. » Tue Feb 24, 2009 8:27 am
by mypaddock » Tue Feb 24, 2009 8:31 am
Quichey wrote:The nature of our contracts and funding means that annual leave is calculated into the yearly budget, it does not roll over (budget-wise), meaning if someone accrues their first year's leave into the second year and takes eight weeks at the end of the second year, only the second years annual leave has been budgeted for. Therefore you are 'encouraged' to use your AL every year. As it happens I work in a place where the people live to work, they just take their leave and then come into work anyway.
I reckon I've had one sick day in three years. If I get sick, but there is something that HAS to be done that day, I'll still choose to come in so as to not undermine all the work that has previously gone into 'it'. Not that I get sick much anyway.
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