What to do with a large redundancy payment: turning uncertainty into opportunity
In the UK, redundancy pay is tax-free up to £30,000. Anything above this is taxed as income.
In the UK, redundancy pay is tax-free up to £30,000. Anything above this is taxed as income.
For high earners in the UK, crossing the £100,000 income threshold for the first time can bring some unwelcome surprises.
In this article, we’ll break down how the 62% tax rate works, what it means for you, and how pension contributions can offer a powerful way to reduce your tax bill while boosting your long-term financial security.
Each year, thousands of people in the UK receive compensation awards for things like personal injury claims and negligence. In 2024, both the Infected Blood Scandal and Post Office Postmasters scandal also moved forward in paying claims to victims. After fighting hard to receive an award, it can be daunting to then know what to do with the money.
Is your sporting dedication matched by your commitment to financial wellbeing? We help sports professionals plan and implement a robust financial strategy, for during and after life in sport.
“Change is the only constant”. So reads the phrase synonymous with human ingenuity and desire for progress. Knowing change will come is one thing, but understanding how to adapt to it – and further still – how it might impact your financial independence and standard of living is quite another.