Alert Important information for pensioners completing tax returns PAYG summary news

Redundancy

A redundancy, whether it’s voluntary or not, can have a significant impact on your super. Understanding your options can make a real difference down the line.

Understanding your options when you experience a redundancy can make a significant difference to your super. Whatever you choose may have long-term implications. 

Redundancy benefits may be payable if your employer terminates your employment, or you accept an offer of redundancy. They may also be payable if you are retired on inefficiency grounds, as a result of having lost essential qualifications or, in restricted cases, on the termination of contracts.

If eligible for a redundancy benefit, there are several options you should carefully consider. Please refer to our Redundancy factsheet or benefit application for more information.

We’re here to help

Redundancy can be complex and stressful. We understand that and we’re here to guide you through the whole process. Give us a call on 1300 000 277 to discuss your options.

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