Income Tax (Earnings and Pensions) Act 2003 Schedule 3 paragraph 49

Index of defined expressions

Schedule 3 paragraph 49 provides a comprehensive glossary of all the specific terms used within the SAYE code, directing the reader to where each term is formally defined.

• The SAYE code uses many technical terms that carry precise meanings, and this paragraph acts as a central reference index pointing to where each definition can be found.
• Some terms are defined within Schedule 3 itself (for example, "associated company", "bonus date", "certified SAYE savings arrangement", "participant", "scheme organiser", and "eligible shares").
• Other terms draw their definitions from the wider Income Tax (Earnings and Pensions) Act 2003, such as "connected person", "control", "earnings", "employee and employment", and "child".
• A number of terms rely on definitions in the Income Tax Act 2007, including "close company", "distribution", "notice", "ordinary share capital", "personal representatives", "recognised stock exchange", "tax", and "tribunal".