{
  "url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-703",
  "json_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-703.json",
  "legislation": "ukpga/2005/5",
  "legislation_title": "Income Tax (Trading and Other Income) Act 2005",
  "legislation_url": "https://openlegislation.uk/income-tax-trading-and-other-income-act-2005",
  "path": "section/703",
  "kind": "section",
  "number": "703",
  "heading": "Meaning of “certified SAYE savings arrangement”",
  "text": "(1) In this Chapter “certified SAYE savings arrangement” means a linked savings arrangement which is certified under section 705.\n(2) In this Chapter “linked savings arrangement” means an arrangement—\n(a) which is of a kind specified in section 704(1), and\n(b) under which an individual who is eligible to participate in a Schedule 3 SAYE option scheme enters into a contract to make periodical contributions for a specified period for the purpose of being able to participate in that scheme.\n(3) In subsection (2)—\n“to participate” means to obtain and exercise rights under the scheme, and\n“Schedule 3 SAYE option scheme” has the meaning given in Schedule 3 to ITEPA 2003.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Words in s. 703(2)(b) substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 141(2), 146 (with Sch. 8 paras. 147-157)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in s. 703(3) substituted (6.4.2014) by Finance Act 2014 (c. 26), Sch. 8 paras. 141(3), 146 (with Sch. 8 paras. 147-157)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/ukpga/2005/5/section/703",
    "retrieved_at": "2026-10-29T09:16:32.370392+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}