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Income Tax (Earnings and Pensions) Act 2003

Paragraph 4: Group plans

2957.This paragraph is concerned with group plans. It derives from paragraph 2 of Schedule 8.

2958.In sub-paragraph (3) the term “constituent company” replaces the term “participating company”. This change, which is in alignment with corresponding changes made in Schedules 3, 4 and 5, has been made on the basis that these Schedules necessarily make numerous references to “participants” and to people who “participate” - so that the use of another term is advantageous.

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