New Tax Rules For BERT Claims
After a 3 year battle with the ATO, the BERT Fund has received a private ruling. This ruling will allow most workers that are terminated by their employer due to genuine redundancy to receive their BERT payment mainly tax free (providing they are below the Age Pension age).
From 1 February 2023 genuinely redundant claims will be tax free up to the maximum amount allowed by the ATO.
Click here to view the Genuinely Redundant Member Information Sheet