Increase in the contributions limit for SAYE option schemes

2.—(1) The Income Tax (Earnings and Pensions) Act 2003 is amended as follows.

(2) In Schedule 3, in paragraph 25(3)(a)(1) for “£250” substitute “£500”.

(1)

Paragraph 25(3)(a) was amended by paragraph 618(8)(c) of Schedule 1 to the Income Tax (Trading and Other Income) Act 2005 (c. 5).