Frequently Asked Questions

Monthly – minimum £5; maximum £416

Annually – minimum £60; maximum £5,000

The above limits are as set out in the Club rules, amended from time to time.

Please ensure your contributions are round pounds only – do not include pence.

Payments are acceptable any business working day of the month, up to and including the 20th.

No. The bank will deal with the new arrangement.

We can send you a new standing order form if you wish to change the bank account, or you can manage this via your own online/telephone banking. Please ensure that you quote your CMIC No/Name in the REF.

Your payments are made by standing order, so the easiest way is to amend this is via online/telephone banking, or we can send you a replacement standing order form.

As long as you stay between the min and max for the month/year, you have no need to contact us. We will be aware of the changes when we do the monthly accounts.

Yes, but we can only receive sterling and any transaction charges must be suffered by the member.

Annual and quarterly payments are allowed at any time. A lump sum can also be paid, and we also accept ad hoc contributions on top of your monthly contribution, as long as you do not exceed the maximum limit.

No, professional advice states that it is not possible.

We can pay withdrawals by way of electronic transfer to members’ bank accounts instead of cheque payments. If you would prefer this option, we still require the request in writing but will also require details of the member’s bank account, i.e. name on account (must include member’s name), sort code, and account number.

We have withdrawal forms available for you to fill out if you wish, please request these from the CMIC office. As long as we have the correct details, we aim to have any withdrawal payments made by around the 8th of the month following the withdrawal request.

Please contact us if you have any queries. We suggest that when a member sends any personal data to us through the post, that it is sent by recorded delivery.

Payment by electronic transfer or cheque will be made around the 8th of the month, following the month of request.

You will need to write to us, or request a withdrawal form for completion and return (we need an original signature for our files), stating how many units or £’s you would like to take out and that you wish to remain with the club.

You can continue to make contributions or let your remaining units ‘ride’. To remain a member of CMIC you must leave at least £20 worth of units in the Club. All withdrawals are subject to a ‘bid/offer spread’ charge, as per 3(ii) of the Rules.

You will need to write to us stating that you no longer wish to remain a member of the club (a signature is required). A withdrawal form can be requested from the admin team.

You will need to make sure that your standing order is cancelled with immediate effect. It would be helpful if you could explain why you have decided to leave.

That is fine. Members are able to let their investments ‘ride’, as long as they have a minimum of £20 in the Club.

Statements are issued quarterly, made up to March (the Club’s year end), June, September, and December each year. The three interim statements are available by email, where a member agrees to this. Year-end statements are sent by post.

Members may contact us at any time for an up-to-date valuation.

Dividends and Capital Gains (when applicable) are shown on the member’s annual statement, sent out with the year-end accounts.

Please ensure that you retain your statement – remember you have a legal obligation to keep records for tax purposes. In the event of loss, duplicate tax certificates can usually be obtained from the Admin Office, on request. Please note that there is a £10.00 charge for this service.

If you would like the investment repaid, we need the original death certificate and the Grant of Probate or Letters of Administration (details available from your local County Court). We suggest that these are sent by recorded delivery and will be returned by the same method.

The investment will be frozen as soon as we are notified of the death. If the beneficiary would prefer to take over the investment then this can be done. Further information on this can be provided upon request. Alternatively, and with effect from 13/06/20, it is now possible for executors to request that the units remain invested in the club for a further period of up to 12 months, while they decide what to do for the best. The tax consequences, if any, of taking up this option will vary, executors should take their own advice on this matter.

No, there is no connection. After 1982, CAMRA (Real Ale) Investments Limited changed its name to Midsummer Inns plc and later to Midsummer Leisure plc and was eventually taken over by European Leisure plc. European Leisure plc merged with Allied Leisure in 1999, which was itself acquired in 2000, shareholders receiving shares in Georgica plc. In November 2002, all holdings of less than 1,000 shares were cancelled with holders receiving cash. Holders could elect to retain their holdings.

The Registrars of Georgica plc are Capita, The Registry, 34 Beckenham Road, Beckenham, Kent, BR3 4TU.