Income Tax (Earnings and Pensions) Act 2003

General requirements for approval: introduction

This section has no associated Explanatory Notes

4An SAYE option scheme must meet the requirements of—

  • paragraph 5 (general restriction on contents of scheme),

  • paragraph 6 (all-employee nature of scheme),

  • paragraph 7 (participation on similar terms), and

  • paragraph 8 (no preferential treatment for directors and senior employees).