SCHEDULES

F1F1SCHEDULE 8

Annotations:
Amendments (Textual)
F1

Sch. 8 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 8 Pt. 1 (with Sch. 7)

Part V Partnership shares

Notice of possible effect of deductions on benefit entitlement

38

1

The plan must provide that the company may not enter into a partnership share agreement with an employee unless the agreement contains a notice under this paragraph.

2

A notice under this paragraph is a notice in a prescribed form containing prescribed information as to the possible effect of deductions on an employee’s entitlement to social security benefits, statutory sick pay and statutory maternity pay.

3

In this paragraph “prescribed” means prescribed by regulations made by the Board.