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Redundancy for State Public Servants

Date: January 19, 2014 Author: Mervin Reed Category: TPWA News Comments: 0

With the upcoming State election, and a likely change of Government in the wind, it is virtually inevitable that some within the State Public Sector will be the subject of either compulsory or voluntary redundancy.
The facts are unfortunately that given the current level of debt faced by the State Government, the incoming Government will have little option but to take affirmative action to reduce the size of the State Public service.
Although facing redundancy can be daunting, every cloud has a silver lining, and this scenario does represent an opportunity for you if you handle it the right way. Not only do you have the opportunity to refocus your personal goals with the benefit of funds which are treated favourably from a tax perspective, you have the opportunity to re-align your strategy.
This is where we can help. We are experts in the provision of financial advice to those impacted by redundancy. We will make sure that your financial strategy matches with your short, medium and long term goals. We will try and help you achieve these goals, whilst at the same time safeguarding what is most important to you.