Tax returns, bonuses, redundancies: How to manage a lump sum?

This episode we're talking about what you do when you get those lump sums of money you didn't expect (ummm must be nice!). We chat about what that might be - a bonus, inheritance, lottery win, or something more upsetting, like a redundancy. We chat about becoming aware of the tax implications, talk about why time is your friend, and how you can invest this money sustainably. If you want to go beyond the podcast and learn more, check out our accompanying email.  Remember, ask us a question at [email protected] and we could answer your question on the pod! In the spirit of reconciliation, Equity Mates Media and the hosts of Get Started Investing acknowledge the Traditional Custodians of country throughout Australia and their connections to land, sea and community. We pay our respects to their elders past and present and extend that respect to all Aboriginal and Torres Strait Islander people today. *****Get Started Investing is a product of Equity Mates Media. This podcast is intended for education and entertainment purposes. Any advice is general advice only, and has not taken into account your personal financial circumstances, needs or objectives. Before acting on general advice, you should consider if it is relevant to your needs and read the relevant Product Disclosure Statement. And if you are unsure, please speak to a financial professional. Equity Mates Media operates under Australian Financial Services Licence 540697.Get Started Investing is part of the Acast Creator Network. Hosted on Acast. See acast.com/privacy for more information.