What are the Pro & Cons of Redundancy?

What are the Pros and Cons of accepting a Redundancy Package? Many of my clients are currently being offered the option to accept a significant redundancy payout, which at face value, seems attractive. Still, in reality, there can be some challenges associated with accepting a redundancy. Now in many instances, you don’t have a choice in the matter, but it is important to fully understand what the consequences might be and how to best optimise a substantial financial payout.