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.