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Ten survival tips if you lose your job

Ten survival tips if you lose your job

The first rule is not to panic. The way to avoid stress is to develop a plan of action. Work out how you will reduce expenses, find out how much you will be getting as a final cheque and then start looking for new opportunities. Ramp up your appearance, keep your...
Is your retrenchment package tax-free?

Is your retrenchment package tax-free?

You’re not quite ready for retirement and you’re about to be retrenched. How will you be taxed? Business had been bad for a few years now. As Rob looked around the office, he remembered the various names and faces who had sat at each of the empty desks. But Rob was...
Is your retrenchment package taxable?

Is your retrenchment package taxable?

So twice in the past month, I’ve gotten a call from clients about the same thing – retrenchment. The first person was in the process of being retrenched and she wanted to know how much she’d get out after tax. The second person had already been retrenched and...