# The Friendly Societies (General Charge and Fees) Regulations 1995, Paragraph 1


The sum specified in this Schedule is the sum determined by the formula:
A×B, where
A 24/100, and
B the specified income for the year ended 31st December 1993 as determined in accordance with paragraphs 2 to 7 below, provided that:
(a) where the resultant sum exceeds £19,500.00, the sum is £19,500.00; and
(b) where the resultant sum is less than £175.00, the sum is £175.00.

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Source: https://www.legislation.gov.uk/uksi/1995/709/schedule/1/paragraph/1 (the official version)
Page: https://openlegislation.uk/friendly-societies-general-charge-and-fees-regulations-1995/schedule-1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.