UNITE has been pressing the company to enable redundant employees to use their pensions to ensure that payments made are tax-efficient. The company has made a series of documents available on CafeVIK explaining the options they have now made available. Please note that the company is currently requiring employees to express an interest in the scheme as early as possible, and no later than 5pm on Monday 30th November.
You may want to request a pension quote from the company pensions department as early as possible to help you take informed decisions.
Pensions, Redundancy and Tax
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