Financial Transition"I found myself in situation where I was leaving my former employer. Harmonics Financial provided me with excellent financial advice and I find the on-going support and investment advice incredibly rewarding." Our Financial Transition Programme helps your employees to make the right decision as to whether they should leave or stay with the company by giving them a clearer picture of what I means from a financial perspective. |
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Financial Transition Programme
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1 | Income Pre and Post leaving service
Providing staff with a model to enable them to compare their income vs. expenses now with their post employment income and devising a plan to help reduce expenses. 2 | Investment Lump Sums What to do with it and options are open to you? 3 | Loan repayment options Should you use your lump sum to pay off your mortgage and any other debts 4 | Social Welfare Entitlements How to claim job seekers benefit and what you are entitled to. |
5 | Tax Advice on Lump Sum Severance Payments
We advise individuals in relation to their three options (basic exemption, increased exemption and SCSB). We go through the figures in detail with each employee and show how their net payment figure was calculated. We also advise on the consequences of waiving their future tax free lump sum (which has a significant bearing on their final decision) and whether to waive it or not. 6 | Pension Options We advise those leaving service what their pension options are and go through each of these options with them. For those who choose to waive their tax free lump sum, we help them understand what impact this has on their pension fund post-employment. |
Programme Outcomes
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Informed
Decision
Confidence and Clarity |
More aware of tax and welfare entitlements
Helps employees navigate the complex options available |
Control of Financial Future
Safe-guards against future financial difficulty |
