Income Tax (Earnings and Pensions) Act 2003

General requirements F1...: introductionU.K.

6[F2(1)] A SIP must meet the plan requirements contained in— U.K.

• paragraph 7 (the purpose of the plan),

• paragraph 8 (all-employee nature of plan),

• paragraph 9 (participation on same terms),

• paragraph 10 (no preferential treatment for directors and senior employees),

• paragraph 11 (no further conditions), and

• paragraph 12 (no loan arrangements).

[F3(2)The requirements of this Part are also to be taken to include the requirements of paragraphs 89 and 90 (plan termination notices etc).]