# Income and Corporation Taxes Act 1988, Paragraph 2

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

(1) A share option linked scheme is a scheme under which periodical contributions are to be made by an individual—
(a) who is eligible to participate in (that is, to obtain and exercise rights under) an approved SAYE option scheme, and
(b) who is to make the contributions for the purpose of enabling him to participate in that approved scheme.
(2) In sub-paragraph (1) above, “approved” and “SAYE option scheme” have the same meanings as in the SAYE code (see section 516(4) of ITEPA 2003 (approved SAYE option schemes)).

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Source: https://www.legislation.gov.uk/ukpga/1988/1/schedule/15A/paragraph/2 (the official version)
Page: https://openlegislation.uk/income-and-corporation-taxes-act-1988/schedule-15A/paragraph-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.