Allen Gray Feature: Facing the fact of retrenchment with Carrie Norden, Assistant Tax Manager At Allan Gray

Gugu Mfuphi talk to Carrie Norden about Considering our bleak economic outlook (including low GDP growth, SAA’s woes and the ongoing problems at Eskom), retrenchment is a very real threat for many South Africans. With most of us living from “pay-cheque-to-pay-cheque”, an unexpected retrenchment can have long lasting effects on our finances. It may be tempting to bury our heads in the sand and hope for the best, but by preparing for this worst-case scenario, we can drastically improve our outcomes. Carrie Norden, assistant tax manager at Allan Gray, joins us to discuss the ins and outs of severance and retrenchment benefits, and their tax implications.