# Income Tax (Earnings and Pensions) Act 2003, Paragraph 68

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

(1) This paragraph applies where an amount is not reinvested because it is not sufficient to acquire a share.
(2) The amount may be retained by the trustees and carried forward to be added to the amount of the next cash dividend to be reinvested.
(3) If so retained, the trustees must hold the amount so as to be separately identifiable for the purposes of sub-paragraphs (4) and (5).
(4) An amount retained under this paragraph must be paid over to the participant—
(a) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
(b) if ... the participant ceases to be in relevant employment (see paragraph 95), or
(c) if ... a plan termination notice is issued in respect of the plan (see paragraph 90).
(5) An amount required to be paid over to the participant under sub-paragraph (4) must be paid over as soon as practicable.
(6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/68 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-2/paragraph-68
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.