Commentary on Sections Overview Part 5: Requirement for linked savings scheme Paragraph 26: Repayments under a savings scheme: whether bonuses included
3313.This paragraph derives from part of paragraph 17 of Schedule 9 to ICTA. It also supplements paragraph 24 of this Schedule by determining what happens to the bonus element of repayments.
3314.There is a reference to the distinction between the maximum and other bonuses, which helps understanding of the application of paragraph 30 of this Schedule.
3315.To deal with any potential confusion in the references to schemes, a SAYE option scheme has been identified in sub-paragraph (3).