Legal advisory on tax and social security in relation to downsizing programs
Downsizing is a regular challenge faced by many companies to varying degrees. In socially responsible downsizing programs, it is important to strike a balance between the business interests of the employer and the needs of the employees.
Flick Gocke Schaumburg creates custom-fit models such as partial retirement and transitional pension arrangements, with a particular emphasis on maximizing the benefits available under tax law and social security law.
For example, our experts look beyond conventional severance pay models to calculate fair severance pay for individual employees, taking their personal social security and tax situation into account.
On behalf of employers, we also advise the employees affected by job cuts. That creates transparency about underlying economic factors and ensures the best possible severance package for each individual.
We give the employees all the information they need from a single source so they don’t need to talk separately to tax advisors, social security agencies and lawyers and interpret the information themselves.
Experience shows that a socially acceptable exit program noticeably increases the acceptance rate for three reasons: individual advisory, greater certainty, and optimized conditions for each employee.
Our expertise in tax and social security law at a glance:
- Identifying tax and social security framework conditions and optimization potential for downsizing programs
- Developing structuring options and alternatives e.g. calculating transitional pension arrangements and semi-retirement options
- Advising employees affected by separation programs in order to create transparency and maximize net cash flow
Your contact
Dr. Tobias Nießen
Lawyer
Partner
+49 228 9594-198