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Severance Packages as Source of Funds
Global Immigrate consultants · Published
Written by Global Immigrate consultants · Reviewed by Oscar Yip, Founder & Managing Director
Summary
Contract, release agreement, tax withholding and bank credit.
Short answer:severance/redundancy pay can be a source with employment contract, release/severance agreement, payslips, tax filings and bank credit. Amounts must match the agreement.
FAQ
Cash with no bank record?
Hard to prove — avoid.
Non-compete compensation?
Yes with agreement and credit trail.
Not yet paid?
Unreceived amounts usually cannot fund investment yet.