# Income Tax (Earnings and Pensions) Act 2003, Paragraph 24

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

(1) The scheme must provide for shares acquired by the exercise of share options granted under the scheme to be paid for with money not exceeding the amount of repayments made and any interest paid under a certified SAYE savings arrangement which has been approved by an officer of Revenue and Customs for the purposes of this Schedule (“the approved savings arrangement”).
(2) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/3/paragraph/24 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-3/paragraph-24
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.