When are aged based limits applied for employee dividends?

Usually when an employee receives an ETP and has reached the preservation age the rate of tax is the lower rate (15% plus medicare). An ETP can generate from: 1. WILN where the application setting "Payments for Wages In Lieu of Notice will be treated as an ETP" 2. Redundacy payments treated as ETP ARITA has issued a statement attached which supercedes the aged based limit treatments. Preservation age is at least 56 years of age from 1 July 2015, and can be up to 60 years of age. Anyone born before 1 July 1960, has a preservation age of 55 years. Preservation is a restriction that prevents a member from accessing superannuation benefits until retirement or until satisfying a condition of release.