Part 5 Requirement for Linked Savings Scheme
Income Tax (Earnings and Pensions) Act 2003 (2003 c 1) | Legislation

Part 5 Requirement for Linked Savings Scheme

Requirements as to linked savings [arrangement]: introduction

23

An SAYE option scheme must meet the requirements of—

paragraph 24 (payments for shares to be linked to approved [savings arrangements]), and

paragraph 25 (requirements as to contributions to [savings arrangements]).

Payments for shares to be linked to approved savings [arrangements]

24

(1)     The scheme must provide for shares acquired by the exercise of share options granted under the

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