If you or someone you know has recently been made redundant, this tip is for you …
Seek financial advice ASAP to take stock of your situation, then implement a recovery plan.
There is no question; redundancy can be a traumatic event. It’s a challenge emotionally and financially and there are some big decisions required to help you make the most of your redundancy payout, take back control of your life and reset your future direction.
Making the wrong decisions can be costly, and these are often the result of becoming overwhelmed by the upheaval. Emotional decisions could cost thousands in lost tax saving opportunities and poor investment choices.
It doesn’t have to be that way. By acting quickly to seek advice, with adequate planning and help, you can better position yourself to recover from the challenges of redundancy and turn uncertainty into opportunity. We are experienced in redundancy recovery.
We use a planning approach that can identify areas of financial concern in your personal situation and give you effective and positive strategies that may assist you to:
- Utilise tax effective approaches to payments
- Identify Centrelink entitlements
- Manage your living expenses
- Protect your loved ones
- Become empowered to make the appropriate investment decisions
Redundancy might be the end of one chapter in your life, but it can also be the beginning of a bright new future, especially if you get professional advice and help in making sound decisions.
For more information about Redundancy Recovery contact Pacesetter Financial Services on 07 3808 2808.
Pacesetter Financial Services and its advisers are Authorised Representatives of Fortnum Private Wealth Pty Ltd ABN 54 139 889 535 AFSL 357306 trading as Fortnum Financial Advisers.
This information (including taxation) is of a general nature only and neither represents nor is intended to be personal advice on any particular matter. Pacesetter Financial Services strongly suggests that no person should act specifically on the basis of the information in this document, but should obtain appropriate professional advice based on their own personal circumstances.