Pensions Options – Redundancy or Leaving Service
What is redundancy?
It refers to such a process where employees are terminated from their employment because of various business reasons. Most frequently such reasons are associated with bad economic conditions such as the category of the job becoming not required or hugely diminished, lack of funds or projects, business relocation, and business discontinuance generally.
The impact of redundancy on pensions
If you become redundant, then your employer will stop making payments into the workplace pension.
Based on the circumstances, you will be able to keep where all pensions are, transfer it to some new workplace or some personal pension or get early retirement. State or existing pensions will not be affected.
How to qualify redundancy scheme?
To qualify for a redundancy scheme you must:
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Reasons are endless just like your saving still we would like to highlight a few:
Range & services offered
Our proven full ranges of services are unrivalled choices when it comes to pension plans.
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Best charges for the best pension services while providing the best savings all of them at the same place.
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