No company likes redundancies, but unfortunately they are sometimes inevitable in the current economic climate.

In this case, the manner in which redundancy programs are handled can help lessen the impact on the individuals involved and on the morale of the remaining personnel.

As authorised pensions and taxation advisors, Acumen & Trust is uniquely equipped to ensure your employees optimise their redundancy package.

How does the Acumen & Trust Redundancy Service work?

1.  We liaise with the employer to quantify:

a. the components of the individual redundancy packages

b. the levels of service required

2. Following that, a one-to-one meeting is held with each employee concerned to discuss:

a. various tax reliefs that apply based on remuneration, length of service and pension benefits

b. pension options available to the individual

c. personal liquidity requirements and projections (incl. inflation, outgoings, etc)

3. Each individual’s options are outlined in an easy to follow document.

Acumen & Trust has been providing this type of service for more than 12 years and over that time we have built up an experienced team and comprehensive range of resources.  In particular, we have extensive experience in advising and supporting leading institutions operating in the banking, financial and insurance sectors.

Fees
We can operate either a fixed per capita fee or an hourly charge with a cap on the amount of time/cost that is available for an employee.

The process typically involves:
- initial meeting at which the individual’s personal financial position is discussed and any queries clarified
- follow up meeting when the advice on how best to structure the package  is agreed

We are happy to quote set fees in advance, once we have determined the parameters of the advice to be provided.

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