http://www.legislation.gov.uk/ukpga/2003/1/schedule/3/paragraph/27/2005-12-05
Income Tax (Earnings and Pensions) Act 2003
An Act to restate, with minor changes, certain enactments relating to income tax on employment income, pension income and social security income; and for connected purposes.
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Statute Law Database
2024-06-06
Expert Participation
2005-12-05
Income Tax (Earnings and Pensions) Act 2003
s. 452(2)(aa)
Finance Act 2013
Sch. 23
para. 11
Sch. 23
para. 38
art. 2
Income Tax (Earnings and Pensions) Act 2003
s. 707A
Finance Act 2024
s. 36(4)
s. 36(5)
SCHEDULES
SCHEDULE 3Approved SAYE option schemes
Part 6Requirements etc. relating to share options
Requirements etc. relating to share options: introduction
27
1
An SAYE option scheme must meet the requirements of—
paragraph 28 (requirements as to price for acquisition of shares),
paragraph 29 (share options must not be transferable),
paragraph 30 (time for exercising options: general),
paragraph 31 (requirement to have a “specified age”),
paragraph 32 (exercise of options: death),
paragraph 33 (exercise of options: reaching specified age without retiring), and
paragraph 34 (exercise of options: scheme-related employment ends).
2
An SAYE option scheme may make any provision authorised by—
paragraph 36 (exercise of options: employment in associated company at bonus date), and
paragraph 37 (exercise of options: company events).