Surplus to requirements
There are ways to lessen the pain of being told you’re not needed at work. A key factor is the timing of any payout, which can turn the misfortune of redundancy into a windfall opportunity. For those who know they are being made redundant this year and who have a choice as to whether they take it before or after the end of the financial year, there is one such golden opportunity – it’s about making use of a tax loophole.
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