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Redundancy – is it safe to proceed?

Redundancies are an unfortunate consequence of current times, with the Government’s furlough scheme coming to an end the expectation is that there will be more employers making cuts to their workforce.

Remember: “Redundancy isn’t personal, personal identities should not be tied with your professional image

If you are facing redundancy, it is important to understand exactly what is included in the package being offered to you, how it’s taxed and the impact it may have on your tax allowances and benefits.

Please read through the 10 key points I have listed below, each will hopefully help you understand what you should know in relation to your redundancy payment and most importantly help you plan for the future

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