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Expert financial advice to navigate redundancy
Guidance to support you through redundancy and beyond
Redundancy can be unexpected, and for many can lead to a period of uncertainty. If you’re nearing retirement age, a redundancy payment can accelerate retirement and supplement superannuation, but for others who are the sole or main income earner at a time in life where costs are high, it can be a scary time. But help is at hand.
How can Apt Wealth Redundancy Financial Planning help?
When receiving a redundancy, it is common to be concerned about how to make your money last while you find new employment, start a new venture, or transition to retirement. This raises stress levels, which can lead to making financial mistakes. Apt Wealth’s expert financial advisers help you navigate this difficult time and come out the other side with a plan for your finances.
We can help you to:
Keep in control of your finances
Plan your cash flow
Invest redundancy payments in a tax effective way
Explore and access hardship assistance
Make the best decisions for today and your future
Stay on track with your financial goals
Book a chat with an adviser
Our focus is on delivering financial advice that allows us to become your personal CFO. Your finances will be tailored to your needs, allowing you to concentrate on living the life you want. We’re privately owned and focus on providing the most transparent advice possible.
Redundancy FAQs
How can I manage being made redundant?
It’s not surprising that many of us will face redundancy in our lifetime, whether it is a forced or voluntary one. It can cause quite a shock at the time and lead to a major upheaval in your life. Redundancy used to have a fairly large stigma attached to it, however, that has changed in the last 10-15 years, as competition and margin squeeze combined with the changing business environment, have seen companies make drastic changes to their structure.
How can a financial adviser help me navigate my redundancy?
A financial adviser can be a crucial ally in navigating through redundancy, helping you assess your financial position, manage any payouts efficiently, explore entitlements, and prepare for what’s next to keep you on track with your goals.
Apt in Action
Apt Wealth supports John and Angela to restructure their financial plans following a redundancy
In 2014, Angela and her husband, John, were looking for some help navigating their finances after John was made redundant. Aged in his late fifties, John hadn’t planned to retire just yet, and so the couple needed some clarity on their next steps. They were introduced to a number of financial planners as part of John’s transition and found Apt Wealth best suited to their needs.
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