If you have been made redundant, it is important to understand the financial issues involved, your entitlements, and how to make the
most of your redundancy payment with the help of your adviser.
You may be entitled to receive certain tax concessions that would not normally be available if you were leaving on other grounds.
Information in this document is based on current regulatory requirements and laws, as at 1 July 2020, which may be subject to change.
A testamentary trust is commonly used by estate planning lawyers to protect the assets and inheritance of the testator’s benefciaries from creditors, family law actions and providing flexibility in relation to the distribution of the estate.
There are limits on how much you can pay into your super fund each financial year without having to pay extra tax. These limits are called ‘contribution caps’.
