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Severance Payment Calculation

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  1. #11

    Join Date
    Nov 2007
    Location
    Wanchai
    Posts
    5,063

    Hmm i wonder if my employer would take into account the amount of time i've been with the group (13 years) as opposed to the amount of time ive been with the HK subsidiary (2 years).


  2. #12

    Join Date
    Mar 2012
    Posts
    4,821
    Quote Originally Posted by Trebor:
    Hmm i wonder if my employer would take into account the amount of time i've been with the group (13 years) as opposed to the amount of time ive been with the HK subsidiary (2 years).
    Again, in my case they did, but it depends to some extent on the wording in your contract and to a larger extent on the attitude of your HR and the owner of whichever budget the money would come from.

    The tax treatment of this sort of payment is another interesting question. In both cases where I left employment here (both officially redundacies, which from a tax point of view always seems preferable) I was pleasantly surprised by the assessments from IRD.
    Last edited by Gruntfuttock; 25-02-2014 at 02:07 PM.