Changing Jobs

You did it! You went through the nail-biting application process of resumes and interviews… and you proved yourself to be the best candidate. You hand your boss your resignation letter and then start winding up your final days at work… dreaming of all the new challenges you will be facing – not to mention the extra money.

Next thing you know, the human resources department is sending you a whole lot of complicated forms. They start telling you about money you didn’t even know you had… like your superannuation, and accumulated holiday leave pay. But, now they’ve given you all of these forms, what are you supposed to do with them?

Then your new employer joins the paper warfare. They start asking you to choose how you want to receive your pay. Should you take up the option of packaging a car? What about your superannuation? Which option is best for you?

All of these decisions to make, when all you really want is to get your teeth into your new job.

How Can a Financial Planner Help?

You want your finances to transition smoothly from your old job to your new job. After all, new jobs should present new work challenges, not financial ones.

Your financial planner can help you to:

• understand the paperwork and what it means for their financial future;

• work out the most effective way of investing your accumulated superannuation;

• analyse the pros and cons of different salary packaging options so you can make informed decisions about your pay structure; and

• establish new budgets that help you make the most of your increase in salary.

For more information on how a financial planner can assist you, simply select one of the areas below:

• budgeting and savings services;

• investment services;

• superannuation solutions;

• lending services;

• estate planning;

• financial protection;

• salary packaging; and

• debt management.

Of course, the only effective financial advice is based on a personal assessment of your unique circumstances and objectives. For an analysis of the best solutions to meet your needs, contact your financial planner.