This
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Nodiadau Esboniadol
26(1)For the purposes of this Schedule repayments under a [F1certified SAYE savings arrangement] may be taken as including, or as not including, a bonus.U.K.
(2)The bonus may either be the maximum bonus under that [F2arrangement] 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.
Textual Amendments
F1Words in Sch. 3 para. 26(1) substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 618(9)(b) (with Sch. 2)
F2Word in Sch. 3 para. 26(2) substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 618(9)(c) (with Sch. 2)