# The Friendly Societies (General Charge and Fees) Regulations 1993, Paragraph 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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Source: https://www.legislation.gov.uk/uksi/1993/547/schedule/1/paragraph/1 (the official version)
Page: https://openlegislation.uk/friendly-societies-general-charge-and-fees-regulations-1993/schedule-1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.