Retirement and Redundancy

Ok, so you will soon leave work voluntarily or unexpectedly due to retirement or redundancy.

Are you on track and ok to live a comfortable retirement?

Retirement Planning

Enrich your life with a plan that ensures you’re on track to retire comfortably 

  • What would you like to do in retirement? How much will this cost? 

  • Do you want to maximise the age pension? 

  • Does investment risk and investment volatility worry you? 

  • How long will your money last? 

  • Will you need to downsize your home? 

During the 90min Discovery Meeting, we will discuss ‘what would make a great life for you in retirement’. We will explore where you would like to live, what you’d love to be doing, whether you’d like to learn anything and your legacy. 

By understanding your ‘big picture’ retirement goals, and their costs, Gianna can then personalise your retirement plan.

How we plan your retirement: 

  • A strategy meeting to present financial modelling and crunch the numbers to see how you’re tracking to afford the things you would like to do over the next 20+ years in retirement;  

  • Help you calculate how much retirement income you need;  

  • Superannuation product advice; 

  • Consider how investment properties, as an asset class, impact your overall retirement income needs and retirement goals; 

  • Investment advice and portfolio management; 

  • Centrelink Age Pension entitlements; 

  • Superannuation pension and annuity advice; 

  • A debt exit plan for your mortgage or investment debt; and 

  • Estate planning. 

  • Gianna has a wealth of knowledge and able to answer any of our concerns with confidence.

    Dale, Fyshwick, ACT

  • Gianna has been great as our financial planner because she puts our interests first.

    Nikki, Belconnen, ACT

  • Before meeting Gianna I had no idea of my financial circumstances. I wish we had met her earlier.

    Gisela, Kambah, ACT

Redundancy Advice

Been made redundant or thinking of taking a voluntary redundancy? Let us help you make the right financial decisions 

  • Not sure whether you can afford to accept the voluntary redundancy? 

  • Are you keen to invest the lump sum? 

  • Has the redundancy unexpectedly brought forward your retirement? 

  • Are you in the PSS and not sure which option to elect? 

A redundancy can significantly impact your finances, and you'll have to make a number of financial decisions. Taking your payout as a lump sum will boost your finances immediately, but this may impact things like Family Tax Benefits and tax bills. There are also tax benefits on payouts that you may be eligible for, and it’s important to remember that any accrued leave paid out, such as long service leave, may also be taxed concessionally. However, it’s likely there will be no superannuation entitlements payable on this leave that is cashed out as a lump sum, compared to had it been taken as leave. 

If you are in the Public Sector Superannuation Scheme (PSS), there is an additional decision to make. You may have the option to claim the PSS pension, but there are potential tax implications to this, as well as restrictions if you work for the Commonwealth or ACT Government again, which could impact your future retirement plans. Gianna understands the PSS and can advise what is best for you while considering your broader financial goals and current financial position. 

It’s also a great time to reset your financial plans overall. Most employers provide a subsidy towards financial planning fees, so use it wisely to seek financial advice. Ensuring you are financially secure will reduce the financial pressure while you look for a new job or enter early retirement. 

How you’ll feel

Confident and financially organised with peace of mind about your financial future, even if life throws you a curveball.

Schedule a 15 minute complimentary call today