Income Tax (Earnings and Pensions) Act 2003 Explanatory Notes

Paragraph 6: Maximum entitlement of employee: further limit of 3 years

3471.This paragraph derives from paragraph 10(4) to (8) of Schedule 14 to FA 2000. If the limit set out in paragraph 5 has been reached, no further qualifying option can be granted for three years from the date of the grant of the last qualifying option.

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