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Statutory Instruments

2014 No. 402

Income Tax

The Income Tax (Earnings and Pensions) Act 2003 (Amendment to SAYE Option Schemes Contributions Limit) Order 2014

Made

25th February 2014

Laid before the House of Commons

26th February 2014

Coming into force

19th March 2014

The Treasury make the following Order in exercise of the power conferred by paragraph 25(4) of Schedule 3 to the Income Tax (Earnings and Pensions) Act 2003( 1 ).

Citation, commencement and effect

1. —(1) This Order may be cited as the Income Tax (Earnings and Pensions) Act 2003 (Amendment to SAYE Option Schemes Contributions Limit) Order 2014 and comes into force on 19th March 2014.

(2) This Order has effect from 6th April 2014.

Increase in the contributions limit for SAYE option schemes

2. —(1)The Income Tax (Earnings and Pensions) Act 2003 is amended as follows.

(2) In Schedule 3, in paragraph 25(3)(a)( 2 ) for “£250” substitute “£500”.

Sam Gyimah

Anne Milton

Two of the Lords Commissioners of Her Majesty’s Treasury

25th February 2014

( 1 )

2003 c. 1 .

( 2 )

Paragraph 25(3)(a) was amended by paragraph 618(8)(c) of Schedule 1 to the Income Tax (Trading and Other Income) Act 2005 (c. 5) .

Status: This is the original version (as it was originally made). This item of legislation is currently only available in its original format.
The Income Tax (Earnings and Pensions) Act 2003 (Amendment to SAYE Option Schemes Contributions Limit) Order 2014 (2014/402)

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