Even if being retrenched turns out to be a positive change that actually improves your quality of life (which can happen to people who feel devastated at the time), it’s usually stressful in the short term. That’s partly because there are important financial decisions that you need to work through.
If redundancy comes at a bad time for you, those decisions can be even more difficult.
Your super future
Redundancy involves making some decisions about your super, but the good news is you can stay with AustralianSuper and continue to enjoy low fees and ongoing insurance cover.
Whether you go straight into another job, spend some time between jobs or even set up your own business, you can stay with AustralianSuper.
We will help you through the redundancy process and you will continue to enjoy the benefits of a fund that is run only to profit members.
Step-by-step assistance
AustralianSuper has prepared a retrenchment guide to help you manage your redundancy. This guide contains a step-by-step process to the financial decisions you need to make and the options available to you. The guide also provides you with resources to help you on a more personal level.
What’s in the retrenchment guide
- Snapshots of three typical situations redundancy may leave you in and how they can be handled.
- A step-by-step process to deciding what to do with your payout and what it means for your super.
- How to decide whether you can afford early retirement and make all the necessary arrangements.
- Information on where you can find advice and support to help you through any difficulties that redundancy may cause.
- Answers to some of the questions you may have about redundancy.
Request a retrenchment guide now
Please don't forget to include your Name, Member Number and the address you would like the retrenchment guide sent to.