# Income Tax (Earnings and Pensions) Act 2003, Paragraph 95


(1) This paragraph explains what is meant, for the purposes of the SIP code, by a participant ceasing to be in relevant employment.
(2) For the purposes of the SIP code “relevant employment” means employment by the company or any associated company.
(3) A participant who remains in the employment of the company or any associated company does not cease to be in relevant employment.

---
Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/2/paragraph/95 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-2/paragraph-95
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.