# Income Tax (Earnings and Pensions) Act 2003, Paragraph 26

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

(1) For the purposes of this Schedule repayments under a certified SAYE savings arrangement may be taken as including, or as not including, a bonus.
(2) The bonus may either be the maximum bonus under that arrangement or a lesser bonus.
(3) An SAYE option scheme must require the question whether repayments are to be taken as including bonuses to be determined at the time when share options are granted.

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Source: https://www.legislation.gov.uk/ukpga/2003/1/schedule/3/paragraph/26 (the official version)
Page: https://openlegislation.uk/income-tax-earnings-and-pensions-act-2003/schedule-3/paragraph-26
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.