Joining is simple! Sign up on our platform, and you'll be guided through the membership process to start your journey with MyWealth Stokvel.
We offer a range of investment plans tailored to suit different financial goals, ensuring you can find an option that aligns with your aspirations. However, our Stokvel focuses on Tax-Free Investment, Only.
Members enjoy collective investment power, networking opportunities, and potential for higher returns, all while being part of a supportive community.
Yes, withdrawals are subject to specific terms to ensure sustainability and fairness. Detailed guidelines are provided upon joining.
Our investment options are structured to maximize tax efficiency, but we recommend consulting with a tax advisor for personalized advice.
We connect entrepreneurs with brand ambassadors and provide networking opportunities to enhance business growth and income generation.
While MyWealthHub Connect offers a range of investment plans to align with various financial goals, our primary focus is on Tax-Free Investments due to their significant benefits, such as no taxes on capital, earnings, or dividend gains, enhanced by social group discounts to reduce costs.
If you want to move your existing Tax-Free Investment from another provider to our sponsor services account, the sponsor company assists with making a Replacement. This process involves transferring your funds to the new investment portfolio while remaining in your account. This allows for withdrawals at any time without penalties, ensuring a seamless transition of your investment.
To make a withdrawal, clients must submit a signed withdrawal form along with the necessary documents. The withdrawal will be processed within 9 days, providing an efficient option to access funds without additional costs, perfect for managing financial needs flexibly.
You earn referral commissions for each successful new account you bring, ranging from R200 to R600 per member. For example, our investment plan offers a 20% referral fee per member with a minimum of R1000 and a maximum of R3000 per member. You can easily manage this through your smartphone and network connections.
1. **Membership Fees** Members are charged annual fees, only to cover administrative costs.(if not MyWealthHub members)
2. **Withdrawal Restrictions**: Although the Stokvel offers flexibility, some minimum partial withdrawal restrictions may apply to maintain fund stability. Your Account must always have a minimum of R 1000 after partial withdrawals.
3. **Tax-Free Growth and Flexibility**: Our program allows your investment to grow tax-free with the flexibility to make partial withdrawals without incurring costs. Withdrawals are processed within 9 days after submitting the required documents, offering the ideal solution for unexpected financial needs.
4. **Dispute Resolution**: A clear process will be defined, including mediation and arbitration options.
5. **Data Privacy**: Members' personal and financial information will be kept strictly confidential per data protection laws.
6. **Amendments**: WealthHub Stokvel can modify these rules and terms, with reasonable notice given to members.
Adhering to these rules, including a monthly minimum contribution of R 1000 and a maximum of R 3000, allows members to maximize benefits while supporting the community's success.
Here's a simple example: If you recruit 1,000 new members within a year, earning an average referral
commission of R300 per member, you would accumulate R300,000 in commissions. Additionally, leverage other
promotional campaigns to maximize your returns. Continuing to invest in tax-free options will further
enhance your earnings without breaking a leg.