Changing Jobs and Redundancy
Getting practical support can alleviate many of these concerns. Working with Intergenerational Wealth Financial Planners who can assist you with issues such as salary structures, superannuation or redundancy payments, you can find a way forward that fits best with your plans.
A well- executed job change with good financial advice should ensure that your lifestyle goals and financial objectives are not compromised but strengthened and enhanced.
Changing Jobs and Redundancy Advice Working with Intergenerational Wealth Financial Planners who can assist you with issues such as salary structures, superannuation or redundancy payments, you can find a way forward that fits best with your plans.
Areas of expertise Changing Jobs, Redundancy Advice, work with professionals services including accountants, solicitors, recruitment, career specialists, estate planning, Legislation and tax issues around redundancy and superannuation
For many people, job change is often a significant and sometimes unexpected event.
There is a good chance most people will face this challenge more than once during their working life. Today’s school leavers will most likely work until age 75 and have at least a dozen employers and five careers during that time.
The reasons for changing jobs and employers will be many and varied including redundancy, career advancement, relocation, better opportunities and a chance to boost net wealth. Or you may decide to start your own business and work for yourself.
For someone leaving their usual workplace, maintaining business connections and networks will be extremely important. As there may be questions like “how can I afford to look for work” or “what is the long-term impact on my savings if I go part time”
For others there may be the initial shock of believing you are no longer required. Plus there is the challenge of seeking a new job and working with new people.
Despite the excitement and challenges of new opportunities that might be around the corner there are still a host of personal, lifestyle and financial issues to consider.
Legislation and tax issues around redundancy and superannuation are notoriously complex and the approach you take might impact the benefits you receive and your long term lifestyle and wealth creation plans.
If you have a family to consider then there will be a range of questions around budgeting for major expenses like education, salary packaging opportunities and life and other insurance cover.
If you are nearing the end of your working life the focus may be on estate planning, the adequacy of your retirement savings and strategies around transition to retirement.
You can work through these issues with an Intergenerational Wealth Financial Planner who can create a plan which works for you and your family. To ensure that you achieve the best outcomes, Intergenerational Wealth Financial Planners work with other professionals including accountants, solicitors and recruitment and career specialists when their services are required.
A well- executed job change with good financial advice should ensure that your lifestyle goals and financial objectives are not compromised but strengthened and enhanced.