Retirement Age to be Axed

Retirement Age to be Axed

New legislation will be passed to prevent employers from being able to force staff to retire at the age of 65.

The move, which will commence in October, was declared as being “great news” for older people, the economy and business in general.

The move was first touted in July and has now been confirmed after a consultation process.

It now means that employers will not be able to issue notifications of compulsory retirement.

Employment minister Ed Davey said: “I’m afraid those people who seem to think there is a displacement between young and older people here firstly are not reading the evidence and secondly they have a very old fashioned approach to labour supply as though there is a fixed amount of jobs in the economy. That clearly isn’t the case … this will actually boost the number of jobs in the economy.”

Ricky Steedman

Ricky worked as an Investigator in the Inland Revenue for over 20 years before founding Steedman & Company in 1987, giving him the experience and knowledge that enabled him to help so many clients over the years.

His appearance on a Channel 4 television programme about the inside workings of Revenue and Customs was watched by 4.1m which sealed his status as one of the most highly respected tax consultants to ever work in Scotland.

Ricky led all tax investigation and COP 9 cases, using his extensive knowledge to help people reach a positive resolution to their situation.

Ricky passed away suddenly and unexpectedly in June 2022 after leaving his indelible mark on the company he founded and headed for over 35 years.