How would you deal with being made redundant?

Redundancy whether voluntary or forced is one of the most stressful events anyone will go through in their lifetime. The closer you are to retirement the more important the issue becomes.

What do you do with your redundancy monies? Do you clear your mortgage or invest the full proceeds? Do you roll your redundancy into super and tie up your funds till you retire or do you keep the monies in cash? Do your retire immediately or work full or part time some more?

All these questions will need to be answered and at a difficult and emotional time. Also given the very complex taxation implication attached to redundancy payouts, specialist advice should always be sought.

The entire team at Universal Financial Planning is able to draw on its extensive expertise in both financial planning and in taxation planning to provide you with the alternatives and the implications attached to those alternatives. This way you can make clear educated decisions on what is best for your long term wealth.

It should be noted that the sooner you request advice prior to receiving your redundancy payout the better able we are to implement strategic plans. Should you find yourself in such a situation where you require redundancy advice please call this number: 1800 333 640.

Find out more of how we can benefit you: