Nobody likes the “redundancy” word when it comes to working. However, with careful planning, it may not all be bad news. The damaging effects of any redundancy at work is the impact on the family budget and the emotion of 'moving on' and finding the next source of income. Working people now face redundancy more often and much earlier in their career.
After working for more than 10 years with the same employer, James* was informed by his employer that his services were no longer required. Fortunately, we had developed an emergency back-up plan with James, which meant that he could afford to take a 3 month break to look for a new job. Taking into consideration his redundancy payout, James was able to extend his time off to 12 months. He took advantage of that time to work on a business idea he had always wanted to pursue. We then helped him develop a financial plan so he could confidently move forward with becoming self-employed - and he hasn't looked back since!
Has life thrown you a curveball? Let us show you how this could be the beginning of a really good thing.
Has life thrown you a
curveball? Let us show you
how this could be the beginning
of a really good thing.
Names and identifying details have been changed to protect the identity of individuals.
Any advice in this site is of a general nature only and has not been tailored to your personal circumstances. Please seek personal advice prior to acting on this information.
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