The Friendly Societies (General Charge and Fees) Regulations 1996
These Regulations provide for a general charge to be paid by friendly societies towards the expenses of the Friendly Societies Commission. The charge is levied with respect to the Commission’s accounting year beginning 1st April 1996 and is expected to raise £0.775 million (an increase of 19.2 per cent from that raised for the accounting year beginning 1st April 1995). Each friendly society (subject to a requirement to pay a minimum of £215 and a maximum of £24,000) is required to pay a sum equal to 0.295% of its specified income, as identified in its annual accounts for the year ended 31st December 1995.