Redundancy

The financial decisions around a 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

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?

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 you may have, and your estate planning needs.

Contact  Kurt Purkiss on (02) 4969 6600 to organise an obligation free catch up.