HMRC response dated 23 January 2007 to SPL queries on the impact of age discrimination rules on approved share plans - in particular in relation to specified retirement ages.
Download - (requires membership login)SPL paper regarding the Age Discrimination and Employment Equality (Age) Regulations (SI 2006/1031) and their interaction with HMRC Approved Plans sent to Kevin Meehan at HM Revenue & Customs on 5 September 2006.
The covering note referred to the fact that several members had contacted HMRC with questions regarding the age discrimination legislation and in particular regarding the following key points:
The paper summarises issues arising under the Regulations in relation to approved plans in more detail.
The following attachments are included:
Letter discussing possible sex discrimination in approved employee share schemes and giving guidance on the types of amendments to the rules of existing schemes that IR will approve.
Download - (requires membership login)