Terminal dues: Tax considerations at end of employment

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Inevitably there comes a time when an individual has to leave their current employment. FILE PHOTO | SHUTTERSTOCK

Inevitably there comes a time when an individual has to leave their current employment.

This can be initiated by either of the parties to the employment contract, the employer or the employee, or due to the coming into force of specific terms contained in the contract.

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Note: The results are not exact but very close to the actual.