Version Superseded: 06/04/2014
Point in time view as at 18/04/2005.
Income Tax (Earnings and Pensions) Act 2003, Cross Heading: Approval of SAYE option schemes is up to date with all changes known to be in force on or before 06 March 2025. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
1(1)This Schedule makes provision for the approval of SAYE option schemes by [F1an officer of Revenue and Customs] .U.K.
(2)Parts 2 to 7 of this Schedule contain requirements that have to be met in order for schemes to be approved under this Schedule.
(3)The requirements consist of general requirements (see Part 2) and requirements as to—
the eligibility of individuals to participate in a scheme (see Part 3),
the shares to which schemes can apply (see Part 4),
the existence of a linked [F2savings arrangement] (see Part 5),
the share options that may be granted under the scheme (see Part 6), and
the exchange of share options (see Part 7).
(4)Part 8 of this Schedule deals with the approval of schemes and the withdrawal of approval.
Textual Amendments
F1Words in Act substituted (18.4.2005) by Commissioners for Revenue and Customs Act 2005 (c. 11), s. 53(1), Sch. 4 para. 102(1); S.I. 2005/1126, art. 2(2)(h)
F2Words in Sch. 3 para. 1(3) substituted (6.4.2005) by Income Tax (Trading and Other Income) Act 2005 (c. 5), s. 883(1), Sch. 1 para. 618(2) (with Sch. 2)
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