To ensure a viable and long-lasting holiday program for the benefit of Members, it is necessary that Annual Levies take into account the actual expenses of the Club including the upkeep, maintenance and repair of the Club Apartments. Each Member (including the Developer) is obliged to pay Annual Levies. The number of Member Points that you own determines the amount of the Annual Levies you pay. Members with higher amounts of Member Points will pay higher Annual Levies because of the greater amount of Apartment usage that they are entitled to.
Here’s another good news! IHC members can now use their Travel Wallet to pay for their annual levies!
Flexi-Levy allows Members to take a break from paying their levies in the current year. Members simply nominate to opt-out of their membership for the current year’s annual allotment of Member Points. These Points are returned to the Developer and the Developer will pay the Levy payment for the Member for the applicable year
- Members may access the Flexi-Levy benefit by opting-out within 30 days from the date listed on the Levy Invoice. To opt out of your current year annual allotment of Member Points contact firstname.lastname@example.org or call member services.
- Failure to nominate within 30 days from date listed on your levy invoice will mean that the full amount of annual levies are payable by the due date
- If Flexi-Levy has been processed following a members request to opt-out, the opt-out cannot be reversed for that year.
Frequently Asked Questions
Q. Why do I have to pay Levies?
Members Levies cover the cost of maintenance and refurbishments – things like painting, new furniture, fixing broken appliances and total resort upgrades to ensure the club is kept in “as new” condition. They also cover the cost of the Clubs management and wages of services available to Members such as reservations and resort staff.
Q. Will my Levies ever increase?
Because of general inflation e.g. increase in cost of materials etc, Levies can increase annually however there is a limit on increases – max 7.5% per year.
Q. How are my Levies calculated?
Levies are calculated at US$0.06 per Point owned. Eg 10,000 Points owned = US$600
Q. What happens if I don’t pay my Levies?
You are unable to make any further bookings until your Levies have been paid.
Q. When are my Levies due each year?
New Levies will be sent out every year in January to pay for the upcoming year, when you first join the Club you will pay a prorated amount based on the number of months remaining in that year.
Instructions on how to pay are provided on your levy notice sent out in January each year. You can now pay your levies using your Travel Wallet cash. Contact your Member Services team for more info.