How to manage redundancy when you’re close to retirement

Getting hit with redundancy when you’re close to retirement can be a devastating blow, but it could also be a chance to consider your options.

Older man in a suit being made redundant
(Image credit: shironosov via Getty Images)

Economic times have been hard in the past few years. Between the pandemic, cost of living crisis, inflation, the rise in employer costs, and now Trump’s tariffs, a great deal of uncertainty has been injected into the working world.

Rising business costs and lowered confidence in the economy have, sadly, meant that redundancies are once again on the agenda for many firms in the UK.

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Harriet Meyer

Harriet Meyer is passionate about helping people manage their finances. She's won national awards for 'cutting through the jargon' around the more complex areas of pensions and investments. Harriet is a regulator contributor to a range of national newspapers, magazines, and websites. She started her career as part of the Daily Telegraph's Money team, and has since edited The Observer newspaper's 'Cash' section and worked as a producer for BBC Radio Five Live's Wake up to Money. Outside of work, she loves exploring the world and volunteers for Crisis. 

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