Mark Devlin: Is redundancy sacrifice an elegant solution to a complicated problem?

Consequence of pandemic

clock • 4 min read
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."
Image:

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...

To continue reading this article...

Join Professional Adviser

 

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Tap into our community intelligence through our regular Pro Adviser poll.
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Your profession