The Friendly Societies (General Charge and Fees) Regulations 1995
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 Commisison’s accounting year beginning on 1st April 1995 and is expected to raise £0.65 million (an increase of 18 per cent. from that raised for the accounting year beginning 1st April 1994). Each friendly society (subject to a requirement to pay a minimum of £175 or a maximum of £19,500) is required to pay a sum equal to 0.24 per cent. of its specified income, as indicated by its contributions from members and interest on investments reported in its annual return submitted for the year ended 31st December 1993 the latest year for which annual returns are required.