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Mark Devlin: "When you look at the numbers, using the taxable redundancy payment to make a pension contribution, where possible, makes good financial sense, especially for people who are nearing retirement age."
While being made redundant can be worrying considering a pension contribution can help clients to maximise the opportunity financially, explains Mark Devlin
One of the unfortunate consequences of the pandemic was a rise in redundancies. Obviously, it's a worrying time for those affected, but as with any situation it's good to try and make the best of it...
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