Redundancy Help

Being made redundant can be frightening and confronting. If you've just been made redundant, the CEO of financial advisory firm IPAC Australia, Patrick Canion, has these tips:

1 - Avoid denial.

2 - Be careful with your payout.

3 - Research your super and insurance policies.

4 - Get specialist tax advice.

5 - Don't be afraid to seek help from Centrelink.

6 - Create a budget.

And there's specialist help -

IPAC Australia gives financial advice to people dealing with redundancy: http://www.ipac.com.au

Elizabeth Thair is now the director of career-coaching company Maddison Collins. She specialises in helping people whose jobs have been made redundant.

For more information head to: http://www.maddisoncollins.com.au