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

Redundancy can be a stressful and emotional time.

  Download Free Redundancy Brochure

The good news is that you don’t have to face a redundancy alone. Lambourne Partners can help you prepare by explaining the financial implications of each option.  We’re here to guide you through the redundancy process. We’re here to help you make smart financial choices.

Every redundancy is different. One thing they have in common, though, is that getting the right financial advice is crucial for getting into the best position to take advantage of what comes next.

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.

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
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.

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Download our free Redundancy Brochure or contact us by phone or email for a complimentary meeting with Kurt Purkiss. We can normally meet within a week.



Contact Us

Please feel free to reach out to us at any time. Call or contact us on the details below to get in touch or book a complimentary consultation.

Level 1, 56 Hudson Street
Hamilton NSW 2303

Newcastle Office (02) 4969 6600

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3/6 Castlereagh Street
Singleton NSW 2330

Singleton Office (02) 5542 8165

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