Redundancy
If you have been made redundant, it is important to understand the financial issues involved, your entitlements and hot to make the most of your redundancy payment with the help of your adviser.
In this fact sheet, we discuss the following key points:
- Components of a redundancy payment
- Genuine redundancy payments
- Unused annual leave and unused long service leave payments
- Employment Termination Payments
- Unpaid salary or wages
- Social security
- Your superannuation
Click here to read more about all key points mentioned above and how they may relate to you if you find yourself in this situation.
This time of change can also be a time of great opportunity. That’s why good financial advice is so important. At FPW Financial Advice we can help you make the right decisions now about how you can deal with your redundancy to help you maximise your payment and minimise the amount of tax you pay.
Until next time,
Regards Rodney.
Rodney Johnstone CFP BBus, DipFP, GradDipAppFin
Authorised Representative of Count Financial Limited
Financial Adviser, FPW Financial Advice Pty Ltd
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If you would like to get in touch to have a chat about any of the services that FPW Financial Advice provides, click here