Redundancy

Financial decisions around redundancy can have a big effect on what comes next in your life

Redundancy Financial Advice

At Lambourne Partners we can help you to:

• Understand the redundancy payments you may receive and what tax consequences apply
• Consider the financial issues likely to be relevant to your age and career goals
• Help you manage your redundancy payments effectively.
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When you are made redundant and retirement isn’t an option, you need to ask:

• How will I pay the bills and keep putting food on the table until I find another job?
• Am I planning to work full-time, part-time or work for myself?
• Do I need to move my superannuation to another fund?
• How will I meet my home loan repayments?
• What should I do with any “left over” redundancy pay when I find another job?

  Read Article: Redundancy Questions to Ask
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If you are planning to retire, there is a different set of questions:

• Have you accumulated enough retirement savings to support your lifestyle needs?
• If not, is semi-retirement an option?
• What is the best way to maximise the return from my savings and investments?
• Should you use some of your superannuation to pay yourself a pension?
• Will you be eligible for the Age Pension or other relevant Centrelink benefits?
• Do you need to review your estate plans?

We can also help you grow your investments, improve your cashflow, manage any debt, and with your estate planning needs.

If you’re considering a voluntary redundancy or are being made redundant, contact us for a complimentary meeting with Kurt Purkiss.

View our Financial Services Guide