# Income Tax (Earnings and Pensions) Act 2003, Paragraph 48


(1) The plan must provide that the company may not enter into a partnership share agreement with an employee unless the agreement contains a notice under this paragraph.
(2) A notice under this paragraph is a notice in a prescribed form containing prescribed information as to the possible effect of deductions on an employee’s entitlement to social security benefits, statutory sick pay , statutory neonatal care pay and statutory maternity pay.
(3) In this paragraph “prescribed” means prescribed by regulations made by the Commissioners for Her Majesty’s Revenue and Customs.

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Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/48 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-2/paragraph-48
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.