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HMRC internal manual

National Minimum Wage Manual

Deductions and payments from workers: shares and securities

Relevant legislation

The legislation that applies to this page is as follows:

* National Minimum Wage Regulations 2015, regulation 12(2)(d)

Any deduction from pay or a payment made to the employer in respect of the purchase of any shares, other securities or share options, or any share in a partnership, will not reduce national minimum wage pay.