Redundancy can be a complicated time. Whilst it may be nice to receive a large sum of money, redundancy can be emotionally impactful, potentially disruptive to daily life, and will inevitably raise questions about the best way to manage the payout. There are many ways to ensure that a payout is optimised for your particular situation. At Barwon Financial Planning, we can assist in helping you to clarify your financial status, and help you to achieve your goals.
Here are some initial things to consider when dealing with redundancy.