M&S wants tax aid for older staff

first_img Comments are closed. M&S wants tax aid for older staffOn 29 Oct 2002 in Personnel Today Previous Article Next Article The head of people and proposition at Marks & Spencer urged theGovernment to change Inland Revenue rules to make it easier for companies toemploy older workers. Denise Keating told delegates she believes current IR rules should bescrapped which prevent employees from drawing part of their company pensionwhile continuing to work for that organisation, Keating said despite the obstacles M&S changed its retirement rules toallow people to work beyond 65 because it was losing too many good people. However, staff who continue to work over the age of 65 can’t be in thecompany scheme or be covered by death in service benefit because of the IRrules. “Our managers were saying replacing these skilled staff would be verydifficult. There’s no need to get rid of someone just because they’ve reached acertain age,” she said. “The key focus for us is retention because then you keep essentialknowledge and corporate memory,” Keating also believes having a high proportion of older workers improves thecompany’s image with customers and service. Related posts:No related photos.last_img

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