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January 2016

Redundancy…..it’s not all bad news – what to do with the money?

It’s not all bad news…If you are leaving your employer due to redundancy, you have a great opportunity to make a fresh start. Now could be the best time for you to think about a career change, become self-employed or consider retiring if you are close to retirement. Firstly, you must ensure that you know what type of payment you may be entitled to receive. The types of payments you may receive in the event of a genuine redundancy include: A genuine redundancy payment, which is tax-free up to a limit based on your full years of service with your …

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What’s more important: Income Protection Insurance or Total and Permanent Disability (TPD) Insurance?

The most common question I’m asked about personal insurances is “Do I need to have both Income protection insurance and total and permanent disability insurance?” The answer is “Yes, you should have both insurances in place”. If you want to know why… Read the full article on the Medical Finance Detective Blog

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How will redundancy affect you?

With the recent news headline, ‘WA unemployment rate hits 13-year high’, it has definitely put the pressure of job loss front of mind for many Australian workers, going into the new year. The current slump in the economic growth and the end of the mining boom in Western Australia, has also contributed to the hike in the unemployment rate. If you are one of the thousands who have been made redundant, either on a forced or voluntary basis, it can be quite confronting. However, there are a few tools that may help you cope with the traumatising times of redundancy. …

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