Income Tax (Earnings and Pensions) Act 2003

This section has no associated Explanatory Notes

47(1)The plan may provide that the amount to be deducted under a partnership share agreement in any month must not be less than a minimum amount specified in the plan.U.K.

(2)The specified minimum amount must not be greater than £10.

(3)Sub-paragraphs (1) and (2) apply whatever the intervals at which the employee is paid may be.