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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Original URL: https://www.afr.com/wealth/personal-finance/what-to-do-with-a-six-figure-redundancy-payout-20240823-p5k4sn
