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Severance Packages as Source of Funds

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.

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