{
  "url": "https://openlegislation.uk/social-security-contributions-regulations-2001/schedule-2/paragraph-11A",
  "json_url": "https://openlegislation.uk/social-security-contributions-regulations-2001/schedule-2/paragraph-11A.json",
  "legislation": "uksi/2001/1004",
  "legislation_title": "The Social Security (Contributions) Regulations 2001",
  "legislation_url": "https://openlegislation.uk/social-security-contributions-regulations-2001",
  "path": "schedule/2/paragraph/11A",
  "kind": "paragraph",
  "number": "11A",
  "heading": "Exercise, assignment or release of share option — market value of option or resulting shares increased by things done otherwise than for genuine commercial purposes",
  "text": "(1) This paragraph applies for calculating or estimating the amount of earnings which is comprised in a payment which—\n(a) would be disregarded in the computation of earnings for the purposes of earnings-related contributions by virtue of paragraph 16 of Part 9 of Schedule 3; but\n(b) is not disregarded because paragraph 17 of that Part applies to it.\n(2) If this paragraph applies, the amount of earnings to be taken into account for the purpose of earnings related contributions is the amount which would, but for paragraph 16 or 16A of Part 9 of Schedule 3, have been taken into account by virtue of section 4(4)(a) of the Act.\nThis is subject to the following qualification.\n(3) If—\n(a) the right to acquire shares in a body corporate is not capable of being exercised more than ten years after the date on which it was obtained,\n(b) an amount of earnings was taken into account for the purpose of earnings-related contributions in respect of the earner’s obtaining that right, at the time he obtained it (“the deductible amount”), and\n(c) no exercise, assignment or release of the whole or any part of—\n(i) that right,\n(ii) any right replacing that right (“a replacement right”), or\n(iii) any subsequent replacement right,\nhas occurred on or after 10th April 2003,\nthe deductible amount may be deducted from the amount otherwise to be taken into account by virtue of this paragraph.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [
    {
      "type": "F",
      "label": "F1",
      "text": "Sch. 2 para. 11A and cross-heading inserted (10.4.2003) by The Social Security (Contributions) (Amendment No. 3) Regulations 2003 (S.I. 2003/1059), regs. 1(1), 3(3)"
    },
    {
      "type": "F",
      "label": "F2",
      "text": "Words in Sch. 2 para. 11A(2) inserted (1.9.2003) by The Social Security (Contributions) (Amendment No. 5) Regulations 2003 (S.I. 2003/2085), regs. 1, 7(6)"
    }
  ],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2001/1004/schedule/2/paragraph/11A",
    "retrieved_at": "2026-10-29T07:54:35.441483+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."
}