Do you need a financial adviser after redundancy?
Redundancy can create both a short-term cash decision and a long-term career or retirement decision. They should not automatically be treated as the same problem.
Start with short-term resilience
Before investing a redundancy payment, work out how long existing cash and the payment may need to support the household if the next role takes time. Liquidity can be more important than investment return in the immediate period.
Check what happens to workplace pensions and benefits
Understand what happens to pension contributions, workplace protection and other benefits when employment ends. A new job, self-employment or early retirement can each point to different planning needs.
When might advice be useful?
Advice can be valuable if the redundancy payment is substantial, retirement becomes an option, several pensions need coordinating or you need a personalised plan for drawing on investments and cash.
Do not invest money you may need soon
A redundancy payment can feel like investable capital, but part of it may really be an emergency runway. Separate near-term spending needs from long-term money before deciding how much risk to take.