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Regulation 9 Commutation fee

Original text. Later amendments are not shown.

(1)

There shall be charged in respect of the commutation of any pension or any portion of a pension a fee of 1 per cent. on the amount awarded;

provided that such fee shall not be less than £2.10 s.Od. nor more than £20 in any case.

(2)

The amount of the fee shall be deducted from the amount awarded.