Income Tax (Earnings and Pensions) Act 2003 Schedule 3 paragraph 15

Meaning of "associate": trustees of employee benefit trust

Paragraph 15 of Schedule 3 previously defined when trustees of an employee benefit trust were to be treated as "associates" for the purposes of the SAYE option scheme rules, but has been repealed.

• This paragraph originally provided a definition of "associate" in relation to trustees of employee benefit trusts for SAYE option schemes.
• The entire paragraph has been repealed and is no longer in force.
• The repeal was made by Finance Act 2013, Schedule 2, paragraph 41.
• Any current guidance on associate definitions for SAYE option schemes should be sought from the provisions that replaced or superseded this paragraph.