Frequently Asked Questions

---

 The Marsland Piggy Fund (MP Fund) is a collaborative financial initiative formed by a close-knit group of friends with a common goal - to achieve our financial aspirations through collective effort. With a shared vision and a commitment to supporting one another, our group has established clear rules and guidelines to govern our savings journey. 

Accountability: Having a group of friends to support you on your financial journey can help you stay motivated and on track.

Support: Our group provides a supportive environment where members can share their financial goals and challenges, and receive advice and encouragement from others.

Flexibility: The Marsland Piggy Fund offers a smooth withdrawal policy, so you can access your money when you need it.

Transparency: Our group is committed to transparency and accountability. All financial transactions are shared with respective members on a regular basis.

The Marsland Piggy Fund is open to anyone who is invited by a current member. If you are interested in joining, please reach out to a current member for more information. 

To become a member of the Marsland Piggy Fund, you will need to complete a membership application and agree to the group's rules and guidelines. 

The Marsland Piggy Fund has a number of rules and guidelines in place to ensure that the group operates smoothly and fairly. These rules and guidelines cover a variety of topics, including contributions, withdrawals, decision-making, and data handling. You can find a detailed overview of the group's rules and guidelines in the policy section. 

The amount of money that you need to contribute each month is determined by the group. The group may decide to set a fixed amount for all members, or may allow members to choose their own contribution amount. 

Contributions are accepted between the 1st - 5th of each month. If a member misses the contribution deadline continuously, their membership could be affected.

If you miss a contribution deadline twice, a brief commitment review process would take place with the fund administrators to access any need or support that could be offered. Further missed deadline may affect your membership status.

 To make a contribution, you can simply transfer money to the group's bank account. The group's bank account information is provided in the group's charter. 

To withdraw money from the Marsland Piggy Fund, you must submit a withdrawal request. Withdrawal requests can be submitted online or via email. 

Yes, there are some restrictions on withdrawals. Members cannot withdraw money during the lock-up period.  

The lock-up period is a period of time during which members cannot withdraw any money. The length of the lock-up period preference is selected each member at point of registration. 

Yes, there is a fee for withdrawing money before the lock-up period expires. The amount of the fee is 5% of deposit (capped at £20).

The Marsland Piggy Fund is managed by a team of administrators. The administrators are responsible for overseeing the group's financial transactions and ensuring that the group operates in accordance with its rules and guidelines. 

The Marsland Piggy Fund takes the privacy of its members' personal information very seriously. All personal information is stored securely and confidentially. The group's privacy policy is available on the group's website. 

You can contact the Marsland Piggy Fund by email anytime. The contact information for the group's administrators is available on the contact section