# Income Tax (Earnings and Pensions) Act 2003, Paragraph 18A

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Status: repealed

(1) The plan must provide that, if an individual participates in an award of shares under the plan in a tax year in which he has already participated in an award of shares under one or more other Schedule 2 SIPs established by the company or a connected company—
(a) paragraph 35 (maximum annual award of free shares),
(b) paragraph 46 (maximum amount of partnership share money deductions), and (c)paragraph 64 (limit on amount reinvested), apply as if the plan and the other plan or plans were a single plan.
(2) In this paragraph “connected company” has the same meaning as in paragraph 18.

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Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/18A (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-2/paragraph-18A
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.