Leaving your employer, for whatever reason, can be a stressful and busy time. The one thing you don't have to worry about is your super with us. When you leave your employer, you don’t need to leave the Plan.
If you are thinking about retirement, now may be a good time to consider your retirement options.
Transition to retirement (TTR)
If you are 55 or over a TTR strategy may help you ease into retirement by allowing you to access some of your super whilst you are still working.
You have spent years working towards your retirement. Determining when to retire and how to access your super requires careful planning. We recommend you seek financial advice from a licenced adviser before acting.
You can still keep your super account even if you have left your employer due to redundancy.
How can I manage my finances and options on redundancy?
When you are made redundant, your employment is terminated and you receive a redundancy payment, usually including unused leave and severance pay.
The types of payments you receive from your employer can be grouped into three main categories - each with different tax implications. These include:
It is important to think carefully about the actions you take financially following redundancy. There are no hard and fast rules on what to do with a redundancy payment - it all depends on individual circumstances.