# The Friendly Societies (Life Assurance Premium Relief) Regulations 1977, Paragraph 3


The net contribution shall be a sum equal to 82 ½ per cent of the gross contribution, except that—
(a) where the gross contribution does not exceed £4 every four weeks and the said sum is not a multiple of one halfpenny, the said sum shall be rounded off to the nearer halfpenny, or, if the said sum is a multiple of one half of one halfpenny, to the nearer penny, and
(b) where the gross contribution exceeds £4 every four weeks and the said sum is not a multiple of one penny, the said sum shall be rounded off to the nearer penny, or, if the said sum is a multiple of one halfpenny, to the nearer even penny.

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Source: https://www.legislation.gov.uk/uksi/1977/1143/schedule/1/paragraph/3 (the official version)
Page: https://openlegislation.uk/friendly-societies-life-assurance-premium-relief-regulations-1977/schedule-1/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.