News — topic-033

Redundant at 55: what to do with the payout (and what not to)

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Redundant at 55: what to do with the payout (and what not to)

Made redundant in your mid-50s? Your payout is several different payments, each taxed its own way, and your super stays locked until 60. Here's how to work out what you're holding, what the ATO takes, and where the money should go first.

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