SCHEDULES

SCHEDULE 1Consequential amendments

Part 2Other enactments

Income Tax (Earnings and Pensions) Act 2003 (c. 1)

618

1

Amend Schedule 3 (approved SAYE option schemes) as follows.

2

In paragraph 1(3) for “savings scheme” substitute “ savings arrangement ”.

3

In paragraph 2(1)(b) for “savings schemes” substitute “ savings arrangements ”.

4

In paragraph 14(3), for “Chapter 1A of Part 15 of ICTA (see section 660G(1) and (2))” substitute “ Chapter 5 of Part 5 of ITTOIA 2005 (see section 620 of that Act) ”.

5

In paragraph 23—

a

in the heading (including the Part heading), for “scheme” substitute “ arrangement ”, and

b

for “savings schemes”, in both places where it occurs, substitute “ savings arrangements ”.

6

In paragraph 24(1)—

a

in the heading, for “schemes” substitute “ arrangements ”,

b

for “CCS scheme” substitute “ certified SAYE savings arrangement ”, and

c

for “(“the CCS scheme”)” substitute “ (“the approved savings arrangement”) ”.

7

Omit paragraph 24(2).

8

In paragraph 25—

a

in the heading, for “schemes” substitute “ arrangements ”,

b

in sub-paragraph (1), for “CCS scheme” substitute “ the approved savings arrangement ”, and

c

in sub-paragraph (3)(a), for “CCS schemes linked to approved SAYE option schemes” substitute “ certified SAYE savings arrangements linked to approved SAYE option schemes ”.

9

In paragraph 26—

a

in the heading, for “scheme” substitute “ arrangement ”,

b

in sub-paragraph (1), for “CCS scheme” substitute “ certified SAYE savings arrangement ”, and

c

in sub-paragraph (2), for “scheme” substitute “ arrangement ”.

10

In paragraph 30(3), for “the CCS scheme” substitute “ the approved savings arrangement ”.

11

In paragraph 48(1)—

a

for “certified contractual savings scheme” substitute “ certified SAYE savings arrangement ”, and

b

for “section 326(2) to (6) of ICTA” substitute “ section 703(1) of ITTOIA 2005 ”.

12

In paragraph 49, for “certified contractual savings scheme (CCS scheme)” substitute “ certified SAYE savings arrangement ”.