YOUR WORKING LIFE

Changing Jobs & Job Progression

There are many reasons why you may decide to change jobs. It may be due to seeking improved career prospects, being head hunted due to demands for your skills and experience within your sector, a complete change of careers, or you may have a change thrust upon you through being made redundant. All involve the need to review various aspects relating to your wealth creation and wealth protection needs such as:

  • What do I need to do regarding my superannuation fund?
  • Will your life insurances continue after you leave your employment?
  • Has your remuneration changed and how does this affect existing insurance levels?
  • Has your capacity to save or reduce debt changed?
  • Can structuring your new salary provide any advantages?

 

Over the years there could be many reasons that your career prospects change and improve. You may get an internal promotion, a considerable pay rise or maybe you’ve reached a ceiling in your professional life, or are seeking a new challenge. Whatever the reason, one thing is for sure – these changes will make you re-evaluate your personal and financial situation. You need to consider; 

  • The most effective way to transfer your superannuation fund – or to set up your own
  • Maintaining your insurance cover if you change superannuation funds
  • Reviewing your level of insurance cover to reflect your new salary.
  • The best way to utilise your increased income. Do you save more, invest more or reduce your debt?
  • How much you can afford to spend as a reward!

NEED FURTHER INFORMATION?

Please visit our ‘Guides’ page for helpful brochures and general advice.