What to do with a six-figure redundancy payout
Being made redundant can be emotionally and financially devastating if you weren’t expecting it. But large lump sum payouts also present an opportunity to reset your career and finances.
A well-timed redundancy payout can be life-changing. Simon Letch
Chrystal Dias rebounded from being made redundant from her marketing job in health by switching to a role with a professional basketball team. It meant a different industry and relocating from Melbourne – where she had recently bought a property – to Hobart, home of the Tasmania JackJumpers.
“I had to rethink my career priorities and be ready to adjust,” Dias, 31, says.
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