Annual Member Fee

What is the Annual Member Fee?

As per the rules of membership, there may be an annual fee for your account. Any annual fee will be no more than £10.00. This contribution is crucial to maintaining and enhancing the quality of services we provide to our valued members.

Who is Eligible to Pay the Annual Fee?

Members who have sufficient funds in their account and who do not fall into any of the exemptions will be eligible to contribute. Exemptions include but may not limited to:

• members who receive means-tested benefits
• members identified as vulnerable
• members experiencing extreme financial hardship
• members under the age of 18

How Will the Payment Be Deducted?

The fee automatically be deducted from your Share 1 Account (Regular Saver) on or after the first working day in January.

Exemptions and Financial Hardship Assistance.

If you are facing financial difficulties and you are worried about your annual contribution, your loan repayments or your savings, please reach out to our team by calling 0208 607 5020 or by email at info@planesaver.co.uk. We understand that circumstances vary, and we are here to assist members who may be experiencing extreme financial hardship.

Pro-Rata Payments for New Members

For members who join during the year, the annual contribution will be pro-rated based on the month of joining. Future contributions will be taken on the first working day of January every year unless communicated otherwise.

Monthly Pro-Rata Contributions:

• Jan: £10.00
• Feb: £9.17
• Mar: £8.33
• Apr: £7.50
• May: £6.67
• Jun: £5.83
• Jul: £5.00
• Aug: £4.17
• Sep: £3.33
• Oct: £2.50
• Nov: £1.67
• Dec: £0.83

Questions

Below is a link to some FAQs which you may find useful however, we are here to support you through these changes. If you have any questions or concerns, please feel free to contact us for further assistance. You can call us on 0208 607 5020 or email us at info@planesaver.co.uk