|
Taking a redundancy can be an emotional and draining experience for anyone. When you are confused and uncertain about your future, Your Vision can assist you in making the right financial decisions for your redundancy. Even if it means implementing the most tax effective strategy to receive your redundancy payment and establishing a holding plan for a 3 month period until your future is more certain.
When you take a redundancy you may consider the whole payment your redundancy payment however, for tax purposes the payment may be treated as anything but a redundancy.
It is vital you seek professional advice prior to accepting your redundancy payment.
Our redundancy planning advice service covers:
- bona fide redundancy
- unused leave payments
- superannuation and the eligible termination payments (ETP)
- reasonable benefit limit (RBL) consideration
- eligible termination payment (ETP) taxation and surcharge issues
We will advise you on the most effective strategy for your circumstances.
|
