redundancy

Dear Paul, I have been "pink recessioned". I was earning $60,000 a year and then overnight I lost my casual job. I was fortunate to have enough in savings to clear all my debts, but in my panic to do that I didn't really think about what was going ... More

Dear Paul, I was recently made redundant and because of this my super was moved from a defined benefit to a temporary accumulation cash account for 90 days. I'm 54 and have $547,000 in super. I have to decide soon if I will leave it in cash, or ... More

Taking a voluntary redundancy during COVID-19, or at any time, needs careful consideration. There are the financial implications, future employment prospects in your industry and the emotional and lifestyle aspects to think about. Often it will mean ... More

Redundancies are the worst in the best of times but even more so during a pandemic. If you have been made redundant or concerned your employer might not survive the disruption caused by the coronavirus outbreak, here's what you need to know: 1. ... More

When the unexpected happens and the regular pay packet stops, how prepared are we to pay the bills? Holden announced around 600 redundancies this week, following regular rounds of redundancies in the retail, financial and media sectors as well as the ... More

Out of the blue you get some shock news that forces you out of the workforce. A company restructuring could mean you are facing a redundancy; or you receive unexpected news about your health; or a loved one needs you to care for them; or your adult ... More

What do women really want when it comes to money? To borrow some lyrics from the Spice Girls: "I'll tell you what you want, what you really, really, want." It's lifestyle, security and peace. For more than a decade, I've been delivering professional ... More

Q: My partner has suddenly been made redundant. We have never needed help from Centrelink before and are unsure whether we are entitled to anything now. A: I'm sorry to learn of your partner's recent redundancy. My key piece of advice to anyone who ... More

Employees offered a payout to encourage them to take redundancy need to know the tax implications to understand the real value of the offer. First, make sure the payment qualifies as a so-called bona fide redundancy or, alternatively, is being made ... More

Updated: October 10, 2018 Losing a job is something many people will face in their lifetime. Dealing with a redundancy can be difficult but if you're made redundant it's important to stay calm and practical so that you come out the other side in the ... More