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Coll.ie

Redundancy Services for Employees

At Coll & Co, we are uniquely placed to assist companies and individuals facing redundancy situations as, in addition to our taxation expertise, we are also authorized by the Institute of chartered Accountants in Ireland to provide investment advice. This means that we can advise on the range of pensions and investment opportunities available to individuals. This fully integrated service combines taxation advice on your redundancy package together with a full financial health-check which integrates tax planning into your Financial plan. Depending on your requirements, we can tailor our service to meet your needs.

Our Tax consultants can provide advice in relation to:

  • Preparation and filing of your personal tax return including any claim for Top slicing relief.
  • Completion of a Financial Health-check  that deals not only with investment options for your lump sum investment but also provides advice on all aspects of your financial affairs (see below).
  • Independent Financial Health-check service: As a non-commission, fee based advisor, we can offer completely impartial advice on the Pension and investment opportunities available to individuals.

    Our Approach

    Firstly we arrange for the employee to complete a comprehensive questionnaire and after a detailed review, we present them with an independent report on all aspects of their financial position including:

    • Investment options
    • Pensions and retirement planning
    • Succession and estate planning
    • Protection strategies

    We work to ensure that the plan is as tax efficient as possible. In particular we provide input where required on the following areas:

    Pension Advice

    • Assess optimal pension structure for you as part of a comprehensive review of financial position.
    • Comparison of pension schemes e.g. self directed pension scheme, PRSA, pension backed mortgages and other private pensions
    • Review of your pension options at or close to retirement in conjunction with your Life Company. We then discuss this report with you, and work with you to establish your key financial objectives, your attitude to risk and your financial needs in the short, medium and long terms. Your individual and family circumstances are taken into account in order to formulate an appropriate financial plan to achieve those objectives.