New retirement proposals 'could have a bad impact on those in tax jobs'

People with tax jobs in small firms may be among those negatively affected if proposed changes to the UK's retirement laws go ahead.

This is according to the Forum of Private Business (FPB), which made its comments in the wake of a government announcement of possible plans to alter the default retirement age.

Currently, workers can lose their jobs when they reach the age of 65 even if they wish to remain in their positions and, in such cases, no redundancy payment is required.

While many have welcomed the Labour administration's ideas to alter this, the FPB claimed it may prove highly damaging to small companies.

Its chief executive Phil Orford said: "At the moment, there is nothing to stop anyone from working beyond 65, providing it suits both parties. The current law works perfectly well, so why tamper with it?"

He went on to suggest that by scrapping the default retirement age, the government will add more complexity to employment law and open the door to more tribunal cases.

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