“Our qualified Advisers are experienced in providing financial advice for ‘Return-to-Work’ redemptions. It doesn't matter what industry you're in, we can provide tailored advice applicable to your personal situation.”
Changes to WorkCover legislation in South Australia (1 July 2015) means many people are now considering taking a Redemption payment; which is essentially a lump sum payout to finalise the Workcover process. As part of this process, redemption recipients are required to seek Financial Advice before being paid their lump sum, to ensure the most appropriate use of the funds, which will be to the recipient's greatest benefit.
Receiving a lump sum payout may bring to light a number of factors which you may not have considered:
Liquidity issues
Repayment of debts
Retirement considerations
Centrelink/Social Security 'exclusion/waiting' periods
Tax considerations &
Complicated investment decisions.
“If you need professional advice to finalise this process , we can help! We will answer any questions you have along the way, and ensure you fully understand your options for the future.”
Accepting a Redemption can be a daunting without guidance. We will demystify the paperwork & make written recommendations for the use of the funds - in plain, readable English - and can identify other aspects of your financial well being that could be improved following our discussion. The services that we provide for you Redemption payout can also be fully funded by WorkCover, meaning no out of pocket costs for your advice.
If you haven't received 'Legal' or 'Medical' advice about your Redemption, you may wish to do so before contacting us.
If you've already started the process, you can let your legal practitioner know that you plan to seek Financial Advice from Humble Goode Financial, and we'll work with them to streamline the process for you
