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The Friendly Societies (General Charge and Fees) Regulations 1993
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- 1993 No. 547
- SCHEDULE 1
- Regulation 1
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1. The sum determined in accordance with this Schedule is the sum resultant from the formula:
A × B,
where
A = 0.22/100, and
B = the specified income for the relevant year as determined in accordance with paragraphs 2 to 11 below, except that:
(a)where the resultant sum exceeds £14,000.00, the sum determined is £14,000.00; and
(b)where the resultant sum is less than £150.00, the sum determined is £150.00.
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