188体育

Many registered societies have schemes for payment of a benefit on the death of a member (or a member鈥檚 spouse) proportionate to the amount of the member鈥檚 transactions with the society. Where such benefits are provided by means of an insurance policy, the premiums paid (less any rebates received) are allowed as a deduction in computing trading income. Where the benefits are provided out of the society鈥檚 own fund, the actual payments of the fund should be allowed, rather than requiring calculations by reference to transactions with the society for the accounting period.