Redudancy & Pensions: What you need to know

In addition to the statutory payment, you may receive an ex-gratia payment based on years of service at the discretion of the employer. If you’re offered this additional payment, you’ll need to understand the tax implications.

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ARF vs Annuity: What’s the difference in these pension options?

Understand the key difference: annuities end with the holder, while ARFs can be inherited tax-free by a surviving spouse. This makes the choice one between guaranteed income and wealth conservation.

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