Income Tax (Earnings and Pensions) Act 2003 Schedule 3 paragraph 9

Requirements relating to the eligibility of individuals: introduction

Schedule 3 paragraph 9 sets out the eligibility requirements that an SAYE option scheme must meet in relation to individuals who participate in the scheme.

• An SAYE option scheme must satisfy specific eligibility requirements relating to individuals
• One key requirement is the employment requirement, which is detailed separately in paragraph 10
• The employment requirement ensures that only individuals with the appropriate employment connection are eligible to participate
• Further eligibility requirements that previously applied have been removed by subsequent amendments