This section has no associated Explanatory Notes
120(1)Amend paragraph 2 of Schedule 15A (contractual savings schemes) as follows.
(2)In sub-paragraph (1)(a) for “savings-related share” substitute “SAYE”.
(3)For sub-paragraph (2) substitute—
“(2)In sub-paragraph (1) above, “approved” and “SAYE option scheme” have the same meanings as in the SAYE code (see section 516(4) of ITEPA 2003 (approved SAYE option schemes)).”