# Income Tax (Trading and Other Income) Act 2005, Section 703: Meaning of “certified SAYE savings arrangement”

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

(1) In this Chapter “certified SAYE savings arrangement” means a linked savings arrangement which is certified under section 705.
(2) In this Chapter “linked savings arrangement” means an arrangement—
(a) which is of a kind specified in section 704(1), and
(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.
(3) In subsection (2)—
“to participate” means to obtain and exercise rights under the scheme, and
“Schedule 3 SAYE option scheme” has the meaning given in Schedule 3 to ITEPA 2003.

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Source: https://www.legislation.gov.uk/ukpga/2005/5/section/703 (the official version)
Page: https://openlegislation.uk/income-tax-trading-and-other-income-act-2005/section-703
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.