Section 49 Share incentive plans: increases in maximum annual awards etc

Schedule 2 to ITEPA 2003 (share incentive plans) is amended as follows.

In paragraph 35(1) (free shares: maximum annual award) for “£3,000” substitute “ £3,600 ”.

In paragraph 46(1) (partnership shares: maximum amount of deductions from employee's salary) for “£1,500” substitute “ £1,800 ”.

The amendments made by this section are treated as having come into force on 6 April 2014.