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Income Tax (Earnings and Pensions) Act 2003

Paragraph 56: Repayment of partnership share money on withdrawal of approval or termination

3124.This paragraph sets out the requirement that a SIP must provide that partnership share money held on behalf of an employee must be paid over to that employee in certain circumstances. The paragraph derives from paragraph 46 of Schedule 8.

3125.This material has been placed in a different order. Provisions relating to the withdrawal of approval are dealt with before the provisions relating to the issue of a plan termination notice.

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