{
  "url": "https://openlegislation.uk/finance-act-2000/schedule-8/paragraph-36",
  "json_url": "https://openlegislation.uk/finance-act-2000/schedule-8/paragraph-36.json",
  "legislation": "ukpga/2000/17",
  "legislation_title": "Finance Act 2000",
  "legislation_url": "https://openlegislation.uk/finance-act-2000",
  "path": "schedule/8/paragraph/36",
  "kind": "paragraph",
  "number": "36",
  "heading": null,
  "text": "(1) The amount of partnership share money deducted from an employee’s salary must not exceed—\n(a) £125 in any month, or\n(b) where the salary is not paid at monthly intervals, such amount as bears to £125 the same proportion as the pay interval in question bears to one month.\n(2) The amount of partnership share money deducted from an employee’s salary must not exceed 10% of the employee’s salary.\nThis means—\n(a) if the plan does not provide for an accumulation period, 10% of the salary payment from which the deduction is made;\n(b) if the plan provides for an accumulation period, 10% of the total of the employee’s salary payments over that period.\n(3) The plan may authorise the company to specify lower limits than those specified in sub-paragraphs (1) and (2).\nDifferent limits may be specified in relation to different awards of shares.\n(4) Any amount deducted in excess of that allowed by sub-paragraph (1) or (2), or any lower limit in the plan, must be paid over to the employee as soon as practicable.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2000/17/schedule/8/paragraph/36",
    "retrieved_at": "2026-10-29T09:21:00.128981+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}