Point in time view as at 01/10/2009.
Finance Act 2003, Paragraph 2 is up to date with all changes known to be in force on or before 07 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.
2U.K.After paragraph 18 insert—
18A(1)The plan must provide that, if an individual participates in an award of shares under the plan in a tax year in which he has already participated in an award of shares under one or more other approved SIPs established by the company or a connected company—
(a)paragraph 35 (maximum annual award of free shares),
(b)paragraph 46 (maximum amount of partnership share money deductions), and
(c)paragraph 64 (limit on amount reinvested),
apply as if the plan and the other plan or plans were a single plan.
(2)In this paragraph “connected company” has the same meaning as in paragraph 18.”.
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