HH3 wrote:JK wrote:Can't see why you wouldn't be able to cash it in (I do in our business), unless the businesses cash flow isn't where they need it to be .. Employer reduces their liability, tax man gets his share, so wins from their end.
If you take the full amount, you'll lose close to half in tax.
EDIT: Employer can also benefit from paying out at your current salary rate rather than potentially an increased rate down the track.
I'd be happy to part with $3k to take home $4k at the moment.
Currently underpaid as it is. As an Operations Manager (effectively the General Manager), I could make more working at Coles.
Go for it then I reckon mate, if you can get your employer to come to the party which sounds like it might be tricky given a few things you've said about them over the years.