# Finance Act 2014, Section 49: Share incentive plans: increases in maximum annual awards etc


(1) Schedule 2 to ITEPA 2003 (share incentive plans) is amended as follows.
(2) In paragraph 35(1) (free shares: maximum annual award) for “£3,000” substitute “ £3,600 ”.
(3) In paragraph 46(1) (partnership shares: maximum amount of deductions from employee's salary) for “£1,500” substitute “ £1,800 ”.
(4) The amendments made by this section are treated as having come into force on 6 April 2014.

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Source: https://www.legislation.gov.uk/ukpga/2014/26/section/49 (the official version)
Page: https://openlegislation.uk/finance-act-2014/section-49
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.