Redundancy and retirement | Accurium

With the significant economic implications of the COVID-19 pandemic being felt through many Australian businesses, some have been forced to reduce staff numbers. For some employees this has resulted in redundancy. Some may find that this prompts or forces their retirement (albeit earlier than originally planned).

Join Challenger's Head of Technical Services, Andrew Lowe, as he focuses on redundancy for pre-retirees, including:

  • The technicalities of redundancy (including taxation of employer payments); 
  • Availability of Centrelink benefits for clients affected by redundancy (including the new JobSeeker payment and the COVID-19 supplement); and
  • Advice considerations for clients affected by redundancy. 

Disclaimer

This information is provided by Accurium Pty Limited ABN 13 009 492 219 (Accurium). It is factual information only and is not intended to be financial product advice, legal advice or tax advice, and should not be relied upon as such. The information is general in nature and may omit detail that could be significant to your particular circumstances. The information is provided in good faith and derived from sources believed to be accurate and current at the date of publication. While all care has been taken to ensure the information is correct at the time of publishing, superannuation and tax legislation can change from time to time and Accurium is not liable for any loss arising from reliance on this information, including reliance on information that is no longer current. We recommend that you seek appropriate professional advice before making any financial decisions.