# The Friendly Societies (General Charge and Fees) Regulations 1997, Paragraph 1


The sum specified in this Schedule is the sum determined by the formula—
A×B where
A=0.31/100, and
B=the specified income for the year ended 31st December 1996 as determined in accordance with paragraphs 2 to 4 below provided that—
(a) where the resultant sum exceeds £25,000.00, the sum is £25,000.00; and
(b) where the resultant sum is less than £225.00, the sum is £225.00.

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Source: https://www.legislation.gov.uk/uksi/1997/741/schedule/1/paragraph/1 (the official version)
Page: https://openlegislation.uk/friendly-societies-general-charge-and-fees-regulations-1997/schedule-1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.