# The Occupational Pension Schemes (Transfer Values) Regulations 1996, Paragraph 3


The actuary may deduct from the assets of the scheme an allowance which—
(a) is of such amount as he considers reasonable in the circumstances of the scheme; and
(b) represents the expenses associated with wind up.

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Source: https://www.legislation.gov.uk/uksi/1996/1847/schedule/1B/paragraph/3 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-transfer-values-regulations-1996/schedule-1B/paragraph-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.