# Finance Act 2000, Paragraph 36

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

(1) The amount of partnership share money deducted from an employee’s salary must not exceed—
(a) £125 in any month, or
(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.
(2) The amount of partnership share money deducted from an employee’s salary must not exceed 10% of the employee’s salary.
This means—
(a) if the plan does not provide for an accumulation period, 10% of the salary payment from which the deduction is made;
(b) if the plan provides for an accumulation period, 10% of the total of the employee’s salary payments over that period.
(3) The plan may authorise the company to specify lower limits than those specified in sub-paragraphs (1) and (2).
Different limits may be specified in relation to different awards of shares.
(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.

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Source: https://www.legislation.gov.uk/ukpga/2000/17/schedule/8/paragraph/36 (the official version)
Page: https://openlegislation.uk/finance-act-2000/schedule-8/paragraph-36
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.