Find out what we can help you with if you become unemployed. Call us on 1800 222 071 from 8am to 8pm (AEST/AEDT) weekdays.
Government resources for redundancy
MoneySmart is a service run by the Australian Securities and Investments Commission (ASIC). Their website includes tools and resources to help you through financially difficult times - including when you're not working. The Redundancy Survival Guide* is worth looking at - it will answer all your questions in plain English and includes a budget planner.
* This link will take you to an external website that is not connected to the Trustee. The Trustee does not endorse and is not responsible for the accuracy of the content of that website.
Retirement income without retiring
If you've reached the age requirement (known as your preservation age), you could receive an income out of your super – even if you plan to go back to work.
Starting a new job
Ask your new employer to pay your super into your TWUSUPER account - this helps avoid fees on multiple accounts and allows you to stay in an Industry SuperFund.
If you have insurance with TWUSUPER, even if you're not working, cover continues as long as your balance supports your premiums (fees) and the other conditions of the insurance policy are met.
For more information see Insurance.
Tax offsets for spouse contributions
Your spouse may be able to add to your super and help you save for retirement while you’re not working. And they may also be able to claim a tax offset.