If you are an employee who has been put in a voluntary redundancy situation, it is vitally important that you understand all of your options. Voluntary redundancies are different for every individual. We have worked with many companies in these scenarios, and we have yet to come across the same individual situation twice.

You need to know what your pension is worth and make sure you know the future consequences if you accept an increased exemption from your employer. This can waive the right for you to receive a tax free lump sum in the future which is about 25% of your pension fund. It is also important that if you do take a lump sum, that you use that money wisely and that’s where a broker like us comes in.

For more information, please book a complimentary redundancy consultation on our website, or call 025-30588.
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