Redundancy Support
If you’ve recently been notified of redundancy, we’re here to support you every step of the way. We can help you understand your options, navigate the tax implications, and make the most of any pension opportunities available to you.
Frequently Asked Questions
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Your employer will provide you with key figures, and in some cases, different options—these are important to review carefully.
This should include:
The current value of your pension
The value of any contractual sick pay or outstanding holiday pay
Having a clear understanding of these figures is essential when assessing your overall redundancy package and making informed financial decisions.
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Simply drop us a message with a brief note, and we will arrange a consultation with one of our qualified advisors.
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We have supported thousands of individuals through redundancy consultations, giving us deep experience and insight into the process.
We understand the complexities involved, and you can be confident that you are in safe hands.
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The most suitable exemption for you will depend on your age, your need for cash now versus in the future, and the specific calculations involved.
There is no one-size-fits-all solution—context is key. It is important to seek professional advice to ensure you make the most appropriate decision for your circumstances.
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You have the option to either waive (forego in the future) or retain (keep the right to) your tax-free pension lump sum.
What this means is that you may be choosing to take the tax-free portion now, rather than preserving your entitlement to take it at retirement.
This is a legal decision, so it is vital that you make a fully informed choice.
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In any case, if the redundancy is mandatory, you are typically entitled to receive your payment immediately following your departure. If it is voluntary, there may be a short waiting period before payment is made.