We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Redundancy Pay
dhj
Posts: 48 Forumite
I'm probably going to be made redundant very shortly and, at 55, am not expecting to find another job very easily so really need to maintain an income. My company is offering up to 2 years pay as VR but no pension. If I am made compulsory redundant I automatically receive a full pension (approximately half pay) plus the statutory amount. I am leaning heavily towards the compulsory because I am very concerned about what the government is currently doing and may do in the future with pensions so, my question is. Do you think it better to take the cash (I pay 40% tax so would take quite a hit) and wait 4 years and request a pension or to take the pension now (but no cash)?
0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.1K Reduce Debt & Boost Income
- 455K Spending & Discounts
- 246.5K Work, Benefits & Business
- 602.9K Mortgages, Homes & Bills
- 178K Life & Family
- 260.5K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards