Explanatory Notes

Income Tax (Earnings and Pensions) Act 2003

2003 CHAPTER 1

6th March 2003

Commentary on Sections

Omitted material

Schedule 3: Approved Saye Option Schemes

Overview

Part 5: Requirement for linked savings scheme
Paragraph 23: Requirements as to linked savings scheme: introduction

3307.This paragraph lists the requirements relating to linked savings schemes that must be met before a SAYE option scheme may be approved. This is partly derived from paragraph 1(1) of Schedule 9 to ICTA.