# Finance Act 1989, Paragraph 2

Extent: E+W+S+N.I.

(1) In section 171(4) (limit on pay of which half may be exempt from tax) for “£3,000” there shall be substituted “£4,000”.
(2) This paragraph shall have effect in relation to profit-related pay paidby reference to profit periods beginning on or after 1st April 1989.

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Source: https://www.legislation.gov.uk/ukpga/1989/26/schedule/4/paragraph/2 (the official version)
Page: https://openlegislation.uk/finance-act-1989/schedule-4/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.