The light on the hill

Helping you navigate the troubled waters ahead.

Redundancy Advice

What would I do if my company lets me go?

There is no doubt that being made redundant will be one of the most stressful times in your life. The thought of making payments on your financial liabilities and the difficulties of finding a new job can be overwhelming, but we can work together to minimise your financial stress.

Over our 25 years in business, we’ve seen how devastating redundancies can be to employees and that is why we offer practical guidance and relevant advice to help redundant employees through such an uneasy time.

We provide guidance and advice on:

  • Types and components of redundancy payments,
  • Tax on termination payments,
  • Uses of redundancy payments,
  • Redundancy and super,
  • Social Security issues,
  • Implications for insurance cover,
  • Reviewing and restructuring finances, and,
  • Financial professionals that should be sought.

The halt of a regular income is something that most families with dependents would struggle with, it’s not a pleasant topic to think about, but the truth is – redundancies do happen.

Hopefully, you’ll never need us, but it’s nice to know that we’ll be there to make it that little bit easier should you find yourself facing uncertainty.

Talk to your employer or union delegate today to find out more about how a redundancy advice service can be introduced into your workplace.

©2017 Copyright Chifley Financial Services

ABN 75 053 704 706 and AFSL 231148