Income Tax (Earnings and Pensions) Act 2003

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26(1)For the purposes of this Schedule repayments under a CCS scheme may be taken as including, or as not including, a bonus.U.K.

(2)The bonus may either be the maximum bonus under that scheme or a lesser bonus.

(3)An SAYE option scheme must require the question whether repayments are to be taken as including bonuses to be determined at the time when share options are granted.