This can be one of the most life traumatic events one can go through and unfortunately, we have dealt with many redundancies throughout the years, with Qantas, Ansett and past rounds of Telstra’s redundancies.
What Should I look out for:
• Is the calculation correct and how do I check?
• Calculations include a severance pay, used long service leave and annual leave.
• Do I park my money in an account?
• Should I pay my house off or any other debts?
• Can I get Centrelink (Job keeper and Job Seeker)?
• How do I reduce my tax and has the right amount of tax been taken out?
• How do I keep my cashﬂow up?
• Can I retire? Should I retire?
• Can I access my super? What happens to my super now that I don’t work for the company anymore?
There are many questions that come up during these difﬁcult times and planning for the future is front of mind.
Let our expert team of accountants and wealth managers navigate and help plan and maximise and deliver the best result for you.
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