HI All,
I was just informed I am being made redundant in 01 March 2024 .
I turn 50 in December.
Its my second redundancy , last one was 28 Feb 2014.
The below calculations were given to me but are these incorrect ?
I used the SCSB relief (and retained my pension) in the 2014 redundancy calculation.
Option A below is using SCSB and retaining the 12k pension , can I reuse this SCSB exemption again please?
Or do the calculations need to be redone again?
What are my best options , I have a pension from the old previous company that has approx 100k in the pot
My current pension also has approx 100k in the pot
![1694770557884.png 1694770557884.png](https://www.askaboutmoney.com/data/attachments/7/7765-239a3ee4151442ab194ecbcba6c395a8.jpg)
![1694770754433.png 1694770754433.png](https://www.askaboutmoney.com/data/attachments/7/7766-9a05ceca3730285c47c7c84168a928a8.jpg)
I was just informed I am being made redundant in 01 March 2024 .
I turn 50 in December.
Its my second redundancy , last one was 28 Feb 2014.
The below calculations were given to me but are these incorrect ?
I used the SCSB relief (and retained my pension) in the 2014 redundancy calculation.
Option A below is using SCSB and retaining the 12k pension , can I reuse this SCSB exemption again please?
Or do the calculations need to be redone again?
What are my best options , I have a pension from the old previous company that has approx 100k in the pot
My current pension also has approx 100k in the pot
![1694770557884.png 1694770557884.png](https://www.askaboutmoney.com/data/attachments/7/7765-239a3ee4151442ab194ecbcba6c395a8.jpg)
![1694770754433.png 1694770754433.png](https://www.askaboutmoney.com/data/attachments/7/7766-9a05ceca3730285c47c7c84168a928a8.jpg)