Annual Contribution Information
What is the Annual Contribution?
The annual contribution is a £10 charge applied to eligible member accounts. This contribution supports the continued enhancement and maintenance of our services, ensuring that we can offer valuable benefits and support to our members.
How and When is the Contribution Charged?
For Existing Members:
The annual contribution of £10 is typically deducted from your Share 1 Account (Regular Saver) on the first working day of January each year. The next charge will be deducted in January 2025.
For New Members:
If you join Plane Saver Credit Union after January, the annual contribution will be deducted from your initial deposit at the time of joining. The fee is adjusted on a pro-rata basis depending on the month you join. See the breakdown below:
- January: £10.00
- February: £9.17
- March: £8.33
- April: £7.50
- May: £6.67
- June: £5.83
- July: £5.00
- August: £4.17
- September: £3.33
- October: £2.50
- November: £1.67
- December: £0.83
What If I Have Financial Difficulties?
If you are facing financial challenges and have concerns about the annual contribution, please contact us. We are here to support you and will work with you to address any financial difficulties. Reach out to us by calling 0208 607 5020 or emailing info@planesaver.co.uk.
Additional Information
- Exemptions: Members under the age of 18, members in receipt of means-tested benefits and those working for payroll partners who cover the contribution on behalf of their employees are not required to pay the annual contribution.
- Payment Method: The contribution is automatically deducted from your Share 1 Account. If your account does not have sufficient funds on the deduction date, we will contact you to arrange an alternative payment method.
You can make a one-off payment into your account to cover the fee, using these details:
Sort code: 20-61-55
Account Number: 40114510
Reference: 'PS' followed by your membership number
Questions
Below is a link to some FAQs which you may find useful however, we are here to support you. 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
