How to Manage Retrenchment
We offer comprehensive retrenchment support in the form of one-on-one training sessions tailored to your specific situation as well as online webinar retrenchment courses.
During the retrenchment process, you will need to understand how to set a survival budget and minimise tax.
Our Retrenchment Training Course
You will also risk losing cover, like group life and disability benefits you had through your employer, and this can leave you in a precarious position.
Our training will ensure that you are covered when it comes to
- Retrenchment psychology and
- Minimising severance tax and minimising Pension and Provident fund withdrawal tax. Meaning you will have more money in your pocket to support your family.
The course covers the following:
Part one: The Psychology of Retrenchment
The course looks at practical solutions to equip you with identifying personal strengths, interests, values, and experiences to understand better what’s in your arsenal to tackle the retrenchment with a growth mindset.
Your retrenchment isn’t the end of the road for you – it’s a new beginning. Our training will take these new personal revelations and apply them to a new world of work – using your toolkit to unlock opportunities and create an action plan bound to see you survive and thrive past your retrenchment.
Part two: An understanding of tax on retrenchment
This area of the course aims to educate and guide you on aspects related to your financial management. From UIF and retrenchment insurance on accounts to medical aid and gap cover, we unpack the various questions you need to ask to secure your financial future We will also show you how to minimise your withdrawal tax if you decide to withdraw part of your pension or provident benefit and advise you on how to preserve your pension or provident fund benefit without paying tax and saving on fees.
Don’t hesitate to get in touch with our expert financial advisors to tackle your retrenchment with confidence.
We offer one on one consultations as well as webinars in today’s remote-working climate.