Redundancy Counselling and Advice

Using our Accountancy backgrounds, we can give advice on the taxation aspects of redundancies. We have an association with a firm of professional Outplacement Specialists and Chartered Accountants specialising in redundancies.

The tax consequences of redundancy are very complex and it is easy to make mistakes iwthout professional knowledge. We know the rules and how to use them legally to our clients' best advantage.

Redundancy payout have a tax-free component depending on years service, and any excess is considered to be an unfunded eligible termination payment (ETP). This unfunded ETP can be rolled over, but does not have to be. There are different tax consequences and there are also superannuation surcharge consequences for those affected by the superannuation surcharge. These taxes should be carefully considered before a decision is made.