SCHEDULES

SCHEDULE 3Approved SAYE option schemes

Part 5Requirement for linked savings F5arrangement

Annotations:
Amendments (Textual)

Payments for shares to be linked to approved savings F1arrangements

Annotations:
Amendments (Textual)
F1

Word in Sch. 3 para. 24 heading substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 618(6)(a) (with Sch. 2)

24

1

The scheme must provide for shares acquired by the exercise of share options granted under the scheme to be paid for with money not exceeding the amount of repayments made and any interest paid under a F2certified SAYE savings arrangement which has been approved by the Inland Revenue for the purposes of this Schedule F3(“the approved savings arrangement”) .

F42

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