{"id":416,"date":"2023-08-22T23:42:16","date_gmt":"2023-08-22T23:42:16","guid":{"rendered":"https:\/\/bert.com.au\/?page_id=416"},"modified":"2026-02-25T15:07:59","modified_gmt":"2026-02-25T05:07:59","slug":"tax-rates-bert","status":"publish","type":"page","link":"https:\/\/bert.com.au\/tax-rates-bert\/","title":{"rendered":"Tax Rates (BERT)"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"416\" class=\"elementor elementor-416\" data-elementor-settings=\"{&quot;ha_cmc_init_switcher&quot;:&quot;no&quot;}\" data-elementor-post-type=\"page\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6981d16 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6981d16\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;,&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-38f2b88\" data-id=\"38f2b88\" data-element_type=\"column\" data-e-type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-76db064 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"76db064\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-cc5f5b0\" data-id=\"cc5f5b0\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-c76e44f elementor-widget elementor-widget-heading\" data-id=\"c76e44f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h1 class=\"elementor-heading-title elementor-size-xxl\">Tax Information<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-70a444e elementor-widget elementor-widget-text-editor\" data-id=\"70a444e\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The information on this page will provide insight into how BERT Payments will be taxed.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-50 elementor-inner-column elementor-element elementor-element-e9643c7\" data-id=\"e9643c7\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a7d0ccb elementor-widget elementor-widget-image\" data-id=\"a7d0ccb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"image.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<img fetchpriority=\"high\" decoding=\"async\" width=\"800\" height=\"534\" src=\"https:\/\/bert.com.au\/wp-content\/uploads\/2024\/04\/BERT20240422_7RV0164StarlightMedia-1024x683.jpg\" class=\"attachment-large size-large wp-image-1797\" alt=\"\" srcset=\"https:\/\/bert.com.au\/wp-content\/uploads\/2024\/04\/BERT20240422_7RV0164StarlightMedia-1024x683.jpg 1024w, https:\/\/bert.com.au\/wp-content\/uploads\/2024\/04\/BERT20240422_7RV0164StarlightMedia-300x200.jpg 300w, https:\/\/bert.com.au\/wp-content\/uploads\/2024\/04\/BERT20240422_7RV0164StarlightMedia-768x512.jpg 768w, https:\/\/bert.com.au\/wp-content\/uploads\/2024\/04\/BERT20240422_7RV0164StarlightMedia-1536x1024.jpg 1536w, https:\/\/bert.com.au\/wp-content\/uploads\/2024\/04\/BERT20240422_7RV0164StarlightMedia-2048x1366.jpg 2048w\" sizes=\"(max-width: 800px) 100vw, 800px\" \/>\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-daf87aa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"daf87aa\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-54ffa10\" data-id=\"54ffa10\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-106cffc elementor-toc--minimized-on-tablet elementor-widget elementor-widget-table-of-contents\" data-id=\"106cffc\" data-element_type=\"widget\" data-e-type=\"widget\" data-settings=\"{&quot;exclude_headings_by_selector&quot;:[],&quot;headings_by_tags&quot;:[&quot;h2&quot;,&quot;h3&quot;,&quot;h4&quot;,&quot;h6&quot;],&quot;no_headings_message&quot;:&quot;No headings were found on this page.&quot;,&quot;marker_view&quot;:&quot;numbers&quot;,&quot;minimize_box&quot;:&quot;yes&quot;,&quot;minimized_on&quot;:&quot;tablet&quot;,&quot;hierarchical_view&quot;:&quot;yes&quot;,&quot;min_height&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_tablet&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]},&quot;min_height_mobile&quot;:{&quot;unit&quot;:&quot;px&quot;,&quot;size&quot;:&quot;&quot;,&quot;sizes&quot;:[]}}\" data-widget_type=\"table-of-contents.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__header\">\n\t\t\t\t\t\t<h2 class=\"elementor-toc__header-title\">\n\t\t\t\tOn this Page\t\t\t<\/h2>\n\t\t\t\t\t\t\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--expand\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__106cffc\" aria-expanded=\"true\" aria-label=\"Open table of contents\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-down\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M207.029 381.476L12.686 187.132c-9.373-9.373-9.373-24.569 0-33.941l22.667-22.667c9.357-9.357 24.522-9.375 33.901-.04L224 284.505l154.745-154.021c9.379-9.335 24.544-9.317 33.901.04l22.667 22.667c9.373 9.373 9.373 24.569 0 33.941L240.971 381.476c-9.373 9.372-24.569 9.372-33.942 0z\"><\/path><\/svg><\/div>\n\t\t\t\t<div class=\"elementor-toc__toggle-button elementor-toc__toggle-button--collapse\" role=\"button\" tabindex=\"0\" aria-controls=\"elementor-toc__106cffc\" aria-expanded=\"true\" aria-label=\"Close table of contents\"><svg aria-hidden=\"true\" class=\"e-font-icon-svg e-fas-chevron-up\" viewBox=\"0 0 448 512\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M240.971 130.524l194.343 194.343c9.373 9.373 9.373 24.569 0 33.941l-22.667 22.667c-9.357 9.357-24.522 9.375-33.901.04L224 227.495 69.255 381.516c-9.379 9.335-24.544 9.317-33.901-.04l-22.667-22.667c-9.373-9.373-9.373-24.569 0-33.941L207.03 130.525c9.372-9.373 24.568-9.373 33.941-.001z\"><\/path><\/svg><\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<div id=\"elementor-toc__106cffc\" class=\"elementor-toc__body\">\n\t\t\t<div class=\"elementor-toc__spinner-container\">\n\t\t\t\t<svg class=\"elementor-toc__spinner eicon-animation-spin e-font-icon-svg e-eicon-loading\" aria-hidden=\"true\" viewBox=\"0 0 1000 1000\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\"><path d=\"M500 975V858C696 858 858 696 858 500S696 142 500 142 142 304 142 500H25C25 237 238 25 500 25S975 237 975 500 763 975 500 975Z\"><\/path><\/svg>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-e61f128 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"e61f128\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a564ef3\" data-id=\"a564ef3\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3c4d30a elementor-widget elementor-widget-heading\" data-id=\"3c4d30a\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tax Rates<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-b95c37f elementor-widget elementor-widget-heading\" data-id=\"b95c37f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-large\">Tax Rates<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6650f00 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6650f00\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-a3f50d5\" data-id=\"a3f50d5\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-db6ca63 elementor-widget elementor-widget-text-editor\" data-id=\"db6ca63\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The tax rate applied is dependant on a number of factors:<\/p><p>a) the type of payment being made;<\/p><p>b) if you have supplied a TFN;\u00a0<\/p><p>c) if you are under or over the preservation age; and<\/p><p>d) if you are under or over the Age Pension Age.<\/p><p>Below is the breakdown of tax withholding rates based on payment type and preservation age.<\/p><p>Please Note: If a tax file number is not stored on our system you will be taxed at the 47% rate.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-bebc6aa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"bebc6aa\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-cf8978e\" data-id=\"cf8978e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-a11c5cb elementor-widget elementor-widget-heading\" data-id=\"a11c5cb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tax Witholding Rates<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-8c1a09f elementor-widget elementor-widget-heading\" data-id=\"8c1a09f\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-large\">Tax Witholding Rates<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-54e8517 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"54e8517\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-1c4deda\" data-id=\"1c4deda\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-cffc930 elementor-widget elementor-widget-text-editor\" data-id=\"cffc930\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Below is a breakdown of tax withholding rates based on the claim type and your age.<\/p><div class=\"wptb-container-legacy\" data-table-id=\"3015\">\n    <table class=\"wptb-preview-table wptb-table-preview-head wptb-element-main-table_setting-1802\" data-reconstraction=\"1\" data-wptb-adaptive-table=\"0\" data-wptb-table-tds-sum-max-width=\"1032\" style=\"display: table;\" data-table-columns=\"2\" role=\"table\" data-wptb-responsive-directives=\"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\" data-wptb-table-directives=\"eyJpbm5lckJvcmRlcnMiOnsiYWN0aXZlIjoiYWxsIiwiYm9yZGVyV2lkdGgiOiIiLCJib3JkZXJSYWRpdXNlcyI6eyJhbGwiOmZhbHNlfX19\" data-wptb-extra-styles=\"LyogRW50ZXIgeW91ciBjdXN0b20gQ1NTIHJ1bGVzIGhlcmUgKi8=\" data-wptb-horizontal-scroll-status=\"false\" data-wptb-header-background-color=\"#581524FF\"><tbody><tr class=\"wptb-row wptb-table-head\" style=\"background-color: rgb(88, 21, 36);\" data-wptb-bg-color=\"#DD9933\"><td class=\"wptb-cell\" data-x-index=\"0\" style=\"padding: 8px; height: 25px; width: 500px;\" data-y-index=\"0\" data-sorted-vertical=\"ask-disabled\"><div class=\"wptb-text-container wptb-ph-element wptb-element-text-3\" style=\"color: rgb(255, 255, 255); font-size: 15px;\"><div class=\"\" style=\"position: relative;\"><p style=\"text-align: left;\">Reason for Separation\/Claim<br><\/p><\/div><\/div><\/td><td class=\"wptb-cell\" data-x-index=\"1\" style=\"padding: 8px; height: 25px; width: 500px;\" data-y-index=\"0\" data-sorted-vertical=\"ask-disabled\"><div class=\"wptb-text-container wptb-ph-element wptb-element-text-4\" style=\"color: rgb(255, 255, 255); font-size: 15px;\"><div class=\"\" style=\"position: relative;\"><p style=\"text-align: left;\">Tax Rate<br><\/p><\/div><\/div><\/td><\/tr><tr class=\"wptb-row\" data-wptb-bg-color=\"\" style=\"--hover-bg-color: undefined;\"><td class=\"wptb-cell\" data-x-index=\"0\" style=\"padding: 8px; width: 500px;\" data-wptb-title-column=\"Position\" data-wptb-title-column-font-size=\"\" data-wptb-title-column-color=\"rgb(255, 255, 255)\" data-wptb-title-background-color=\"rgb(221, 153, 51)\" data-wptb-title-align=\"center\" data-y-index=\"1\"><div class=\"wptb-text-container wptb-ph-element wptb-element-text-9\" style=\"color: rgb(0, 0, 0); font-size: 15px;\"><div class=\"\" style=\"position: relative;\"><p style=\"text-align: left;\">Genuine Redundancy<br><\/p><\/div><\/div><\/td><td class=\"wptb-cell\" data-x-index=\"1\" style=\"padding: 8px; width: 500px;\" data-wptb-title-column=\"Office\" data-wptb-title-column-font-size=\"\" data-wptb-title-column-color=\"rgb(255, 255, 255)\" data-wptb-title-background-color=\"rgb(221, 153, 51)\" data-wptb-title-align=\"center\" data-y-index=\"1\"><div class=\"wptb-text-container wptb-ph-element wptb-element-text-14\" style=\"color: rgb(0, 0, 0); font-size: 15px;\"><div class=\"\" style=\"position: relative;\"><p>If under Age Pension Age:<\/p><p>0% up to the tax free amount*; and<\/p><p>For amounts over the tax free threshold up to the ETP Cap<\/p><p>17% if you have reached preservation age^; or<\/p><p>32% if you have not reached preservation age^<\/p><p>17% If Age Pension age or over<\/p><\/div><\/div><\/td><\/tr><tr class=\"wptb-row\" data-wptb-bg-color=\"\" style=\"--hover-bg-color: undefined;\"><td class=\"wptb-cell\" data-x-index=\"0\" style=\"padding: 8px; width: 500px;\" data-wptb-title-column=\"Position\" data-wptb-title-column-font-size=\"\" data-wptb-title-column-color=\"rgb(255, 255, 255)\" data-wptb-title-background-color=\"rgb(221, 153, 51)\" data-wptb-title-align=\"center\" data-y-index=\"2\"><div class=\"wptb-text-container wptb-ph-element wptb-element-text-10\" style=\"color: rgb(0, 0, 0); font-size: 15px;\"><div class=\"\" style=\"position: relative;\"><p style=\"text-align: left;\">Redundancy, Promotion of Tools &amp; Disability<br><\/p><\/div><\/div><\/td><td class=\"wptb-cell\" data-x-index=\"1\" style=\"padding: 8px; width: 500px;\" data-wptb-title-column=\"Office\" data-wptb-title-column-font-size=\"\" data-wptb-title-column-color=\"rgb(255, 255, 255)\" data-wptb-title-background-color=\"rgb(221, 153, 51)\" data-wptb-title-align=\"center\" data-y-index=\"2\"><div class=\"wptb-text-container wptb-ph-element wptb-element-text-15 edit-active\" style=\"color: rgb(0, 0, 0); font-size: 15px;\"><div class=\"\" style=\"position: relative;\"><p>If under Preservation age^:<\/p><p>32%<\/p><p>If over Preservation age^:<\/p><p>17%<\/p><\/div><\/div><\/td><\/tr><tr class=\"wptb-row\" style=\"--hover-bg-color: undefined;\"><td class=\"wptb-cell\" style=\"padding: 8px; width: 500px;\" data-x-index=\"0\" data-y-index=\"3\"><div class=\"wptb-text-container wptb-ph-element wptb-element-text-17\" style=\"color: rgb(0, 0, 0); font-size: 15px;\"><div class=\"\" style=\"position: relative;\"><p>Retirement (Over Age Pension Age)<\/p><\/div><\/div><\/td><td class=\"wptb-cell\" style=\"padding: 8px; width: 500px;\" data-x-index=\"1\" data-y-index=\"3\"><div class=\"wptb-text-container wptb-ph-element wptb-element-text-18\" style=\"color: rgb(0, 0, 0); font-size: 15px;\"><div class=\"\" style=\"position: relative;\"><p>17%<\/p><\/div><\/div><\/td><\/tr><tr class=\"wptb-row\" style=\"--hover-bg-color: undefined;\"><td class=\"wptb-cell\" style=\"padding: 8px; width: 500px;\" data-x-index=\"0\" data-y-index=\"4\"><div class=\"wptb-text-container wptb-ph-element wptb-element-text-19\" style=\"color: rgb(0, 0, 0); font-size: 15px;\"><div class=\"\" style=\"position: relative;\"><p>Leaving the Industry; Leaving Australia and Financial Hardship<\/p><\/div><\/div><\/td><td class=\"wptb-cell\" style=\"padding: 8px; width: 500px;\" data-x-index=\"1\" data-y-index=\"4\"><div class=\"wptb-text-container wptb-ph-element wptb-element-text-20\" style=\"color: rgb(0, 0, 0); font-size: 15px;\"><div class=\"\" style=\"position: relative;\"><p>47%<\/p><\/div><\/div><\/td><\/tr><\/tbody><\/table>\n<\/div>\n<p><i>* Tax free amount for 2025\/2026 financial year is $13,100 for the initial year, and $6,552 for each full year of service with your Employer.<br \/><\/i><\/p><p><em>^ Preservation Age is currently 60 years of age (Date of Birth after 30 June 1964).\u00a0 Refer to the <a href=\"https:\/\/www.ato.gov.au\/tax-rates-and-codes\/paygw-schedule-11-tax-table-from-13-october-2020-to-30-june-2024#ato-Preservationage\">ATO website<\/a> for information regarding the preservation age.<\/em><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-6fa5adf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"6fa5adf\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-top-column elementor-element elementor-element-0416189\" data-id=\"0416189\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3eefce3 elementor-widget elementor-widget-text-editor\" data-id=\"3eefce3\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Fund has prepared a table that outlines the tax-free amounts for Genuine Redundancies based on your years of service with your employer.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-5a9ee67\" data-id=\"5a9ee67\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-f553ba2 elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"f553ba2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/bert.com.au\/wp-content\/uploads\/2024\/04\/Years-of-Service-Table_FY25_26.png.png\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Years of Service Table<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-11d5546 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"11d5546\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-eb960fd\" data-id=\"eb960fd\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-77aecf4 elementor-widget elementor-widget-heading\" data-id=\"77aecf4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Age Pension Age<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e846ec elementor-widget elementor-widget-heading\" data-id=\"9e846ec\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-large\">Age Pension Age<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-ba72e45 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"ba72e45\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-03899ae\" data-id=\"03899ae\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-bdd1140 elementor-widget elementor-widget-text-editor\" data-id=\"bdd1140\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"wptb-container-legacy\" data-table-id=\"3016\">\n    <table class=\"wptb-preview-table wptb-element-main-table_setting-3016\" style=\"border-spacing: 3px 3px; border-collapse: collapse !important; min-width: 1032px; \" data-border-spacing-columns=\"3\" data-border-spacing-rows=\"3\" data-reconstraction=\"1\" data-wptb-table-directives=\"eyJpbm5lckJvcmRlcnMiOnsiYWN0aXZlIjoiYWxsIiwiYm9yZGVyV2lkdGgiOjAsImJvcmRlclJhZGl1c2VzIjp7ImFsbCI6MCwicm93IjowLCJjb2x1bW4iOjB9fX0=\" data-wptb-responsive-directives=\"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\" data-wptb-cells-width-auto-count=\"2\" data-wptb-horizontal-scroll-status=\"1\" data-wptb-extra-styles=\"LyogRW50ZXIgeW91ciBjdXN0b20gQ1NTIHJ1bGVzIGhlcmUgKi8=\" data-wptb-pro-pagination-top-row-header=\"false\" data-wptb-rows-per-page=\"10\" data-wptb-pro-search-top-row-header=\"false\" data-wptb-searchbar-position=\"left\" role=\"table\" data-table-columns=\"2\" data-wptb-table-alignment=\"center\" data-wptb-td-width-auto=\"120\" data-wptb-table-tds-sum-max-width=\"1032\" data-wptb-header-background-color=\"rgb(88, 21, 36)\" ><tbody data-global-font-size=\"15\" ><tr  class=\"wptb-row \" style=\"background-color: rgb(88, 21, 36); \"><td class=\"wptb-cell \" colspan=\"1\" rowspan=\"1\" style=\"padding: 8px; height: 25px; width: 500px; border-radius: 0px; \" data-y-index=\"0\" data-x-index=\"0\" data-wptb-css-td-auto-width=\"false\" data-wptb-css-td-auto-height=\"false\" data-wptb-cell-vertical-alignment=\"center\" ><div class=\"wptb-text-container wptb-ph-element wptb-element-text-597\" style=\"color: rgb(255, 255, 255); font-size: 15px; \"><div style=\"position: relative;\"><p style=\"text-align: left;\">Date of Birth<br><\/p><\/div><\/div><\/td><td class=\"wptb-cell \" colspan=\"1\" rowspan=\"1\" style=\"padding: 8px; height: 25px; width: 500px; border-radius: 0px; \" data-y-index=\"0\" data-x-index=\"1\" data-wptb-css-td-auto-width=\"false\" data-wptb-css-td-auto-height=\"false\" data-wptb-cell-vertical-alignment=\"center\" ><div class=\"wptb-text-container wptb-ph-element wptb-element-text-598\" style=\"color: rgb(255, 255, 255); font-size: 15px; \"><div style=\"position: relative;\"><p style=\"text-align: left;\">Age Pension Age<br><\/p><\/div><\/div><\/td><\/tr><tr  class=\"wptb-row \" style=\"\"><td class=\"wptb-cell \" colspan=\"1\" rowspan=\"1\" style=\"padding: 8px; width: 500px; border-radius: 0px; \" data-y-index=\"1\" data-x-index=\"0\" data-wptb-css-td-auto-width=\"false\" data-wptb-css-td-auto-height=\"true\" data-wptb-cell-vertical-alignment=\"center\" ><div class=\"wptb-text-container wptb-ph-element wptb-element-text-599\" style=\"color: rgb(0, 0, 0); font-size: 15px; \"><div style=\"position: relative;\"><p>On or after 1 January 1957<\/p><\/div><\/div><\/td><td class=\"wptb-cell \" colspan=\"1\" rowspan=\"1\" style=\"padding: 8px; width: 500px; border-radius: 0px; \" data-y-index=\"1\" data-x-index=\"1\" data-wptb-css-td-auto-width=\"false\" data-wptb-css-td-auto-height=\"true\" data-wptb-cell-vertical-alignment=\"center\" ><div class=\"wptb-text-container wptb-ph-element wptb-element-text-600\" style=\"color: rgb(0, 0, 0); font-size: 15px; \"><div style=\"position: relative;\"><p>67 Years<br><\/p><\/div><\/div><\/td><\/tr><\/tbody><\/table>\n<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a7451b8 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a7451b8\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-327e05e\" data-id=\"327e05e\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-863ad84 elementor-widget elementor-widget-heading\" data-id=\"863ad84\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tax Free Limit on BERT Genuine Redundancy Claims\u200b<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-cfb0aeb elementor-widget elementor-widget-heading\" data-id=\"cfb0aeb\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-large\">Tax Free Limit on BERT Genuine Redundancy Claims<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c79713a elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c79713a\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-66 elementor-top-column elementor-element elementor-element-3d85f42\" data-id=\"3d85f42\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-ca95726 elementor-widget elementor-widget-text-editor\" data-id=\"ca95726\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>The Fund has prepared a table that outlines the tax-free amounts for Genuine Redundancies based on your years of service with your employer.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-33 elementor-top-column elementor-element elementor-element-8df982f\" data-id=\"8df982f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-2505f4c elementor-align-justify elementor-widget elementor-widget-button\" data-id=\"2505f4c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/bert.com.au\/wp-content\/uploads\/2024\/04\/Years-of-Service-Table_FY25_26.png.png\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Years of Service Table<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-a83047c elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"a83047c\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3adb523\" data-id=\"3adb523\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-82983c2 elementor-widget elementor-widget-text-editor\" data-id=\"82983c2\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>Please refer to the\u00a0<span style=\"text-decoration: underline;\"><strong><span class=\"bert-link a\"><a href=\"https:\/\/www.ato.gov.au\/tax-rates-and-codes\/key-superannuation-rates-and-thresholds\/employment-termination-payments#Taxfreepartofgenuineredundancyandearlyre\" target=\"_blank\" rel=\"noopener\" data-anchor=\"?anchor=Taxfreepartofgenuineredundancyandearlyre#Taxfreepartofgenuineredundancyandearlyre\">ATO website for information regarding tax free thresholds for genuine redundancy payments.<\/a><br \/><\/span><\/strong><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-3ccecc0 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3ccecc0\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-72db780\" data-id=\"72db780\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-166ac39 elementor-widget elementor-widget-text-editor\" data-id=\"166ac39\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p><strong>Example 1:<\/strong><\/p><p>Jim is aged 56 and was made redundant from XYZ Pty Ltd on 23 July 2025 due to shortage of work. XYZ Pty Ltd made Jim\u2019s first contribution on 1 July 2018. Jim\u2019s current balance is $45,404.<\/p><p>As Jim is under the Age Pension Age and he was made redundant due to shortage of work he meets the requirements for a genuine redundancy payment which is tax free up to the amount based on his years of service.<\/p><p>Jim calculates his tax-free amount as follows:<\/p><p>\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 $13,100 + ($6,552 x 7*) = $58,964<\/p><p><em>* Jim has completed 7 full years of service since his first contribution into the BERT Fund.<\/em><\/p><p>As Jim\u2019s entire BERT Balance ($45,404) is under the calculated tax free amount ($58,964), Jim will receive his redundancy payment tax free.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<div class=\"elementor-element elementor-element-ffc4fba elementor-widget elementor-widget-text-editor\" data-id=\"ffc4fba\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>A genuine redundancy payment is tax-free up to a certain amount, based on the number of completed years of service with your Employer.<\/p>\n<p><strong>For the 2025\/2026 financial year, the limit is:<\/strong><\/p>\n<p><strong>$13,100 + ($6,552 for each full completed year of service*)<\/strong><\/p>\n<p>* Years of service is calculated from the first contribution into the Fund; or from the first contribution received after your last full claim<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-9cc8879 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"9cc8879\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-913128c\" data-id=\"913128c\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6b21291 elementor-widget elementor-widget-heading\" data-id=\"6b21291\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Tax File Number &amp; Tax Withholding Rates <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a1fc2d5 elementor-widget elementor-widget-heading\" data-id=\"a1fc2d5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-large\">Tax File Number &amp; Tax Withholding Rates \n\n<\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-3a8e5c4 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"3a8e5c4\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-e82125f\" data-id=\"e82125f\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-33a1b7c elementor-widget elementor-widget-text-editor\" data-id=\"33a1b7c\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>You have the choice of whether or not you quote your tax file number.<br \/>If you decide not to quote your number, then tax will be withheld from your benefit at the highest personal tax rate plus Medicare levy &#8211; currently 47%.<\/p><p>Any release in total or part of a member&#8217;s balance under financial hardship claim attracts a withholding rate of 47% in accordance with the ATO ruling, even if you have supplied a TFN.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-b454e72 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"b454e72\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-3c29497\" data-id=\"3c29497\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-9e645f5 elementor-widget elementor-widget-heading\" data-id=\"9e645f5\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Payment Summaries \u200b<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-08472d0 elementor-widget elementor-widget-heading\" data-id=\"08472d0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-heading-title elementor-size-large\">Payment Summaries <\/div>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-11b9efa elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"11b9efa\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;_ha_eqh_enable&quot;:false}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-924c625\" data-id=\"924c625\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-83360c0 elementor-widget elementor-widget-text-editor\" data-id=\"83360c0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>BERT uses Single Touch Payroll (STP) to advise the ATO of payments made to you. From 1 February 2023, you will no longer receive Payment Summaries from us, or be able to download them from BOBB.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>Tax Information The information on this page will provide insight into how BERT Payments will be taxed. On this Page Tax Rates Tax Rates The tax rate applied is dependant on a number of factors: a) the type of payment being made; b) if you have supplied a TFN;\u00a0 c) if you are under or [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-416","page","type-page","status-publish","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>BERT Tax Information - BERT | CIP<\/title>\n<meta name=\"description\" content=\"The information on this page will provide insight into how BERT Payments will be taxed. 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