#pensionadvice

Facing Redundancy? Make Informed Financial Decisions

If you’re facing redundancy, understanding your financial entitlements is crucial. Your redundancy package can have a significant impact on your pension and your future financial security.

Our expert advisors are here to help you navigate your options so you can:

Maximise your tax-free benefits

Plan for long-term financial well-being

Make informed decisions during a challenging time

Understanding Your Redundancy Entitlements

Your redundancy package typically includes:

Statutory Redundancy Entitlement

A legally mandated payment that employers must provide.

Completely tax-free for employees.

Calculatd as two weeks’ pay per completed year of service plus one additional week (capped at €600 per week).

Enquire Now

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For more Details to know, Visit us:- https://mmadvisors.ie/redundancy-advice/

Money Maximising Advisors Limited (https://mmadvisors.ie/)

Call: ‪+353 91 393 125‬

Email: [email protected]

A defined benefit pension scheme is one where the amount you’re paid is based on how many years you’ve worked for your employer, the salary you had earned, either at the end of your employment or the average over a period of years prior to your retirement (or leaving the company) and the proportion of that salary at which your employers scheme based your pension pay out on (usually 1/60th or 1/80th). Defined benefit plans are common for employer-sponsored retirement plans, especially older schemes. Like other eligible schemes, they offer tax incentives to employers and partner employees.