Redundancy

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.

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.

Avoid making these mistakes:

Making rash purchases

Making rash
purchases

Not planning cash flow

Not planning
cash flow

Leaving money idle

Leaving
money idle

Not knowing your entitlements

Not knowing your entitlements

Not getting financial advice

Not getting
financial advice

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