I'm afraid we have to let you go...

Regrettably, the economic climate over the past few years has led to employers cutting costs and this, in turn, has led to an increasing amount of workforce redundancies. Redundancy or severance pay for some individuals can be the largest single payment of money ever received, so it is important that guidance is available on all options and what can be done to make any package as tax efficient as possible. Pension contributions and tax relief The tax situation might be more acceptable if a pension contribution was made. Tax relief is available for pension contributions based on the ...