So the kids are off to school, what about you?
Posted on 26/09/2016
So the kids are off to school, what about you?
Authors: Josephine Koulouris & Julie Centofanti
Returning to the workforce after being a primary carer can be an exciting time. It’s also an opportunity to make some clever decisions to safeguard the financial security of yourself and your dependents.
There are a number of important things to consider:
Superannuation
Time spent out of the workforce will affect your income as well as your superannuation. No matter your age, ensuring that you are continuing to build your superannuation is an essential part of setting up for an economically independent and secure future.
Insurance
It is important to have the right insurances to cover for any unfortunate events that may impact your family’s financial security.
For example, if you are taken out of the workforce for illness or injury, the appropriate insurance can protect your loved ones and dependents from what would otherwise be a severe financial hardship.
Beneficiaries
A beneficiary is a person you nominate to receive your superannuation benefits in the event of your death. Nominating a beneficiary can give you peace of mind and ensure that the most important people in your life are taken care of.
Returning to the workforce is an exciting stage in one’s life. Building for your family’s future is paramount. For help and support in making these decisions, get in touch with one of our experienced financial planners on (03) 9908 3390.
General Advice Disclosure: This document contains information that is general in nature. It does not take into account the objectives, financial situation or needs of any particular person.
You need to consider your financial situation and needs before making any decisions based on this information. If you decide to purchase or vary a financial product, your financial adviser,
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