Paragraph 37
United Kingdom
(1)
The plan may provide that the amount to be deducted in pursuance of a partnership share agreement in any month must not be less than a minimum amount specified in the plan.
(2)
The specified minimum amount must not be greater than £10.
(3)
Sub-paragraphs (1) and (2) apply whatever the intervals at which the employee is paid.
Notes on Schedule 8
Textual amendments
- 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Sch. 8 repealed (with effect in accordance with s. 723(1)(a)(b) of the amending Act) by Income Tax (Earnings and Pensions) Act 2003 (c. 1), Sch. 8 Pt. 1 (with Sch. 7)