# The Friendly Societies (Life Assurance Premium Relief) Regulations 1977, Note: Explanatory note


These Regulations authorise registered friendly societies (other than collecting societies) and their branches to adopt a prescribed scheme, or any special scheme approved by the Chief Registrar of Friendly Societies, under which tax relief under section 19 of the Income and Corporation Taxes Act 1970 in respect of contributions paid after 6th April 1979 on friendly society contracts may be effected by the contribution payer retaining or having refunded to him 17 ½ per cent of the contribution payable.
The Regulations contain incidental provisions and make consequential adaptations and modifications to enactments relating to friendly societies.

---
Source: https://www.legislation.gov.uk/uksi/1977/1143/note (the official version)
Page: https://openlegislation.uk/friendly-societies-life-assurance-premium-relief-regulations-1977/note
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.