Redundancy Planning 

We recognise that this can be an emotional time and that everybody's situation is unique which means the road map to be created needs to be perfect for you.

If you have or about to decide on what a redundancy package will mean for you we can help ease the stress.

Once we understand where your heading we can create the most efficient strategy to ensure your well informed with the choices and next steps.

This maybe be to simply pay a little less tax or boost your next egg, save for the future needs of your children or retirement.

We also may need to consider the optimal structures to hold assets and by who.

Once you're over the initial shock of being made redundant, you need a financial plan of action.

The size of your payout will play a large part in your decision-making, but for most this will mean calculating what your minimum weekly living expenses and debt repayments are.  This action plan will give you a rough guide as to how long your redundancy payout will last before you need another pay cheque.

Contact Phillips Wealth Partners to help with developing your redundancy action plan.