This document establishes the regulatory framework for adjusting the rate of life assurance premium relief applicable to friendly societies in 1980. The text is issued by the government of Great Britain to provide legal clarity on tax relief mechanisms for insurance policyholders. It serves as a formal instrument to update financial statutes in response to shifting economic policies of the era.

This document is a technical legal instrument intended for use by legal professionals, tax auditors, and financial administrators. Experts view such statutory instruments as foundational primary sources for understanding the evolution of British tax law during the late twentieth century.