Losing your job can be tough, but you can get through it. We'll guide you through how to make the most of your new situation, and how to get the help you need.

Finding yourself out of work can be challenging, but it can also be an opportunity for new beginnings. Once you know where to turn for support, it can become easier to take positive steps.

Find out how to:

Managing your money

Without an income, it might be harder to pay bills and cover the costs of daily living. We’re here to help.

If you’re a NAB customer and struggling to make loan or credit card repayments, we may be able to help. Call 1800 701 599 to discuss how we can help, or find out more about financial hardship assistance.

Applying for unemployment benefits

You might be able to apply for job seeker payments from the government after you’ve been unemployed for six weeks. There’s no shame in claiming benefits. It’s a financial assistance tool to help cover your expenses while you’re looking for work – and you’ve paid taxes to earn it.

Getting outstanding employer payments

If you think your employer still owes you for things like unpaid wages, unpaid leave, redundancy pay, or a payment in lieu of giving you notice, talk to the Fair Work Ombudsman and make sure you’re not missing out on any money you may be legally entitled to.

Making insurance claims

You may be able to get a payout from your insurance company. Check your insurance policies to see what’s covered, and if you’re entitled to make a claim. If you’re unemployed because of illness or injury, check your illness and/or injury insurance with your provider to see if you're eligible.

Getting your debt under control

Paying the mortgage or rent and keeping on top of bills can become difficult, but our budgeting tips can help ease the burden. There’s also free financial counselling should you need it.

If you’re struggling to pay bills, you may want to discuss financial hardship assistance with your service providers/lenders. They might be able to give you some flexibility on due dates.

Understand your legal rights

If you think you've been dismissed unfairly, it’s important to know your rights, and how to assert them. Remember, every situation is different.

Unfair dismissal and redundancy

Seek legal advice

Ask your friends and family to recommend a lawyer, or take advantage of free legal advice and services that may be able to assist.

Getting a new job

In some cases, your employer may help you find a new job. If not, there are other options available to you.

Searching online

You can also search for jobs, employment services and programs near you through JobSearch, or websites like Seek. There are resources online that can help you prepare an effective resume.

Using an agency

Signing up with a recruitment or employment agency can help you navigate the job search process. The government funded jobactive program connects Australians with jobs and training through a wide selection of smaller agencies.

Career development support

There are also programs available that cater to career development, such as the government’s My Future site. You may also be eligible for government funding and incentives for upskilling.

Mature-age worker employment incentives

Retirement is not the only option for older workers who find themselves out of a job – during 2017/18 the government offered an incentive of up to $10,000 to eligible employers who employ mature-age workers.

Looking after your mental health

Whether you quit voluntarily or were let go, it's important to process what's happened and how you’re feeling.

Reaching out to loved ones

Be open and honest with your loved ones and spend time with your family and friends. Let them support you while you find work.

Taking advantage of your freedom

Being between work could be an opportunity to rediscover the things you love doing - whether that be hitting the gym, volunteering, learning a new language, or simply spending quality time with family and friends.

Dealing with mixed emotions

  • With a substantial redundancy payout, you might be excited about having some time off, a holiday, or the ability to pay off your mortgage—but you might also feel a little lost.
  • Losing your job can stir up a range of emotions. Using an app like Headspace or Smiling Mind can really help your mental health.

Making time with your GP

Depression and anxiety may creep in after redundancy or during unemployment. Knowing the warning signs and where to get help can make a big difference.

Not knowing that you're suffering from depression or anxiety is very common and may not become clear until you see your GP. Once you're diagnosed, they can help you navigate the symptoms with a Mental Health Treatment Plan.

beyondblue are a highly renowned avenue for help. They can explain how much mental health services cost, should you need them.


Help is just a call or click away

beyondblue

Learn how to look after your mental health

1300 22 4636

Lifeline Crisis Support & Suicide Prevention

Call 13 11 14 or chat online if you’re having troubling coping

Lifeline Crisis Support & Suicide Prevention

Mind Health Connect

Access low-cost mental health services

Mind Health Connect

Financial Counselling Australia

Call 1800 007 007 for free financial counselling

Financial Counselling Australia

NAB Assist

Call 1300 135 323 to find out how we can help you

NAB Assist

We’re here to help

Not sure what to do next?


Glossary

Financial hardship assistance

NAB may be able to offer you financial hardship assistance if you’re struggling to make your repayments for your loan or credit card due to illness, injury or other unexpected life events.

NAB Assist

If you’re a NAB customer, and you're struggling to keep on top of your repayments for your loan or credit cards, you can call 1800 701 599 to discuss how NAB may be able to assist. Learn more about NAB Assist.

Super

Super is a regular payment made into a super fund by an employee towards a future pension. For most people, your employer must pay an amount equal to 9.5% of your salary into your super fund account. Your super savings can be self-managed, or controlled by the superannuation fund of your choice.

After more information?Other related articles

Protecting your finances after redundancy

Redundancy can be confusing. Our simple checklist will help protect your finances, family, career, and future.

How to manage your finances when you're unemployed

A checklist to help you manage your finances while unemployed.

How to plan for unexpected illness and injury

Life is unpredictable. When it comes to dealing with illness and injury, this step-by-step checklist will guide you through the process.

After more information?Related products and services

NAB Personal Overdraft

Access extra cash on the fly through your NAB transaction account up to an approved limit.

Savings accounts

Whatever you're saving for, our savings accounts can help get you there sooner.

Transaction accounts

Access your money with our everyday banking accounts when you want it, wherever you happen to be.

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