F1 PART   3A Deduction Orders

Annotations:

CHAPTER 4General Matters for Deduction Orders

Administrative costs25Z

A deposit-taker at which an order under section 32A or 32F of the Act is directed may deduct from the amount standing to the credit of the account specified in the order an amount towards its administrative costs for each deduction made, not exceeding—

a

in the case of a regular deduction order, £10; or

b

in the case of a lump sum deduction order under section 32F of the Act , £55,

before making any payment to the F2Secretary of State required by section 32A or, as the case may be, section 32H of the Act .