Part 3 Eligibility of individuals

United Kingdom

1. Eligibility of individuals: introduction
2. Time of eligibility to participate
3. The employment requirement
4. Qualifying periods
5. Meaning of “qualifying company”
6. Requirement not to participate in other SIPs
7. Participation in more than one connected SIP in a tax year
8. The “no material interest” requirement
9. Meaning of “material interest”
10. Material interest: options and interests in SIPs
11. Meaning of “associate”
12. Meaning of “associate”: trustees of employee benefit trust
13. Meaning of “associate”: trustees of discretionary trust