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Personnel Today

M&S wants tax aid for older staff

by Personnel Today 29 Oct 2002
by Personnel Today 29 Oct 2002

The head of people and proposition at Marks & Spencer urged the
Government to change Inland Revenue rules to make it easier for companies to
employ older workers.

Denise Keating told delegates she believes current IR rules should be
scrapped which prevent employees from drawing part of their company pension
while continuing to work for that organisation,

Keating said despite the obstacles M&S changed its retirement rules to
allow 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 the
company scheme or be covered by death in service benefit because of the IR
rules.

"Our managers were saying replacing these skilled staff would be very
difficult. There’s no need to get rid of someone just because they’ve reached a
certain age," she said.

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"The key focus for us is retention because then you keep essential
knowledge and corporate memory,"

Keating also believes having a high proportion of older workers improves the
company’s image with customers and service.

Personnel Today

Personnel Today articles are written by an expert team of award-winning journalists who have been covering HR and L&D for many years. Some of our content is attributed to "Personnel Today" for a number of reasons, including: when numerous authors are associated with writing or editing a piece; or when the author is unknown (particularly for older articles).

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Personnel Today
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