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Income Tax (Earnings and Pensions) Act 2003

Paragraph 42: Performance allowances: method two

3077.This paragraph deals with the second method of calculating performance allowances.

3078.Sub-paragraphs (1), (2), (4) and (5) derive from paragraph 30 of Schedule 8; and sub-paragraphs (3) and (6) derive from paragraph 118(2)(c) and (4) of that Schedule.

3079.The material in sub-paragraphs (3) and (6) seems better placed here than in a paragraph dealing with disqualifying events, which has itself now been placed in Part 10 of this Schedule (Approval of plans). See Note 64 in Annex 2.

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