Income Tax (Earnings and Pensions) Act 2003 Schedule 3 paragraph 21

Only certain kinds of restriction allowed

Paragraph 21 of Schedule 3 has been repealed and is no longer in force.

  • This paragraph originally dealt with the types of restrictions that could be placed on shares under SAYE option schemes.
  • The paragraph was repealed by Finance Act 2013, Schedule 2, paragraph 61.
  • Any requirements previously contained in this paragraph no longer apply to SAYE option schemes.
  • Practitioners should refer to the current version of Schedule 3 for the rules now governing share restrictions in SAYE option schemes.

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