# The Friendly Societies (General Charge and Fees) Regulations 2000, Paragraph 1


The sum specified in this Schedule is the sum determined by the formula–
A×B where
A 0.55/100, and
B the specified income for the year ended 31st December 1999 as determined in accordance with paragraphs 2 to 4 below provided that–
(a) where the resultant sum exceeds £47,000, the sum is £47,000; and
(b) where the resultant sum is less than £350, the sum is £350.

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Source: https://www.legislation.gov.uk/uksi/2000/674/schedule/1/paragraph/1 (the official version)
Page: https://openlegislation.uk/friendly-societies-general-charge-and-fees-regulations-2000/schedule-1/paragraph-1
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.