The Friendly Societies (General Charge and Fees) Regulations 2000
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 2000 and is expected to raise £1.6 million (an increase of 26% from that raised for the accounting year beginning 1st April 1999). In accordance with Schedule 1, each society is required to pay 0.55% of its “specified income” for the year to 31st December 1999, subject to a minimum charge of £350 and a maximum of £47,000. (Under the Friendly Societies (General Charge and Fees) Regulations 1999 (“the 1999 Regulations”) the percentage was 0.435%, and the minimum and maximum £300 and £36,000 respectively.