You could use your termination pay to fund your lifestyle costs for a while, and you may also consider selling down some assets. If so, which ones? Many people find it useful to set up a regular income from a cash trust to pay the bills while they get re-organised. Is this right for you?
You may be entitled to Centrelink benefits, but waiting periods and income and assets tests apply. You’ll need to understand exactly what you can claim and when.
If you’ve enjoyed benefits like life insurance, super contributions and employee share schemes, you’ll have decisions to make with these too. It’s easy to make hasty decisions that you may later regret.