Redundancy

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Unexpected events are a part of life. It's how you respond and the next steps you take that will set you up for a recovery you're happy with.

Financial shocks—like being made redundant— are best handled with timely financial advice specific to your situation.

Our financial planners are experts in redundancy situations, and their advice comes into its own given the mindset of most employees when they've suddenly lost their livelihood.

We will help you take stock after the shock of redundancy and let know where you stand and what your options are.

Taking stock

  • We'll first get a handle on your redundancy payout—how it's taxed and what this means for your end-of-financial-year tax position.

  • Next, we'll review your budget and finances to help you manage your cashflow between jobs.
  • Redundancy affects superannuation, which will also impact your retirement. Your insurance arrangements also need to be reviewed after redundancy. We'll help you put the right arrangements place here.

AFS advisers have helped thousands of Territorians deal with redundancy, including employees of companies as large as Qantas, Jetstar and Woolworths as well as public sector employees.