Redundancy: some matters to consider

From time to time employers offer (or are committed to) redundancy payments for unscheduled termination of employment arrangements: there are a number of issues to consider if you are placed in this situation – taxation consequences for each of the elements of the payout; superannuation options that may be available; and how your payout might impact any entitlement to Centrelink support. (Voluntary Separation Packages (VSPs) will usually contain similar elements [...]