COVID-19: Accessing Your Incolink Funds

Published: 31 Mar 2020

Following misunderstandings about changes at Incolink, the redundancy fund released a clarification on how its new system is operating.

 

It includes these points:

 

  • To make it easier for workers, Incolink now has one account type, the Incolink Redundancy Account.
  • Genuine Redundancy Claims can still be made at 0% tax rate after 24 April when the system updates are finalised. This applies to the CLAIM DATE not the END EMPLOYMENT date.
  • You do not need to reapply for the GRA and there is no cooling off period. 
  • This system change had to be done as part of making the Incolink Covid-19 payments. 
  • The tax a worker ultimately pays doesn’t change. Genuine redundancies are not taxed. 
  • For the vast majority of Incolink members, these changes create more avenues to access your entitlements.

The full clarification - which you can find on the Incolink website - is very detailed and addresses many of the issues raised by members. 

Please take the time to read it, and if things are still not clear, get in contact with Incolink via incolink.org.au or [email protected].

 

NOTE: The situation with coronavirus is changing every day, so please be sure to refresh this page and check our Facebook page or dedicated site for updates.

>> facebook.com/cfmeuvic 

>> cfmeu-news.com.au/covid-19-information