Redundancy Advice
If you find yourself in a redundancy situation, it is very important that you understand all the options open to you in relation to the taxation of your redundancy and what happens your pension. This is where Oaktree Financial can help.
Redundancies are different for everyone, unique to your individual circumstances. We have worked with many people going through redundancy, and we have yet to come across the same situation twice.
As part of a redundancy, you need to consider the long term picture. It’s important to know what your pension is worth, and understand the consequences of all your options. Making a decision regarding your pension now can waive your right to receive a tax-free lump sum in the future. If you do decide to take a lump sum now, you need to have a clear plan for what to do with the money. The wrong decision regarding your company pension can be costly. At Oaktree Financial, we’re here to help guide you through a considered decision making process.