Being faced with redundancy can be one of life’s most stressful events, often up there with divorce, moving house or bereavement. We can help you understand what is included in a redundancy settlement, the effect of income tax and your options moving forward. As part of the process we can also review the impact on your wider finances and help you plan how to use your lump sum effectively, based on your circumstances and requirements.
We have acted for large employers providing redundancy advice and counselling for individuals receiving lump sum payments. We can advise on making pension contributions from settlements, aiming to maximise wealth whilst minimising tax. We can also consider whether there are any other areas of planning you require advice on – for instance investment of a lump sum or replacing policies such as life cover, critical illness cover or income protection, which may have previously been provided by your employer.
Advice Team
Phil Boon
Director & Independent Financial Adviser
Beechwood Financial Services
Graham Hume
Director & Independent Financial Adviser
Beechwood Financial Services
Stephen Sale
Director & Independent Financial Adviser
Beechwood Financial Services
Michelle Murphy
Independent Financial Adviser
Beechwood Financial Services
Jasmine Granger
Independent Financial Adviser
Beechwood Financial Services
Adam Whittingham
Senior Paraplanner
Beechwood Financial Services
Cameron Boon
Paraplanner
Beechwood Financial Services