Membership Top 6 FAQs - August 2013
The membership team regularly receive numerous questions on various topics. The top 6 most frequently asked questions this month are :-
When does the 2013/2014 subscription become due?
The 2013/2014 subscription fee becomes due for payment on 1 October 2013 and should be paid in full by the 31 October 2013 to avoid any surcharges.
The annual subscription fee can be paid online on the member’s area of our website. information on our subscription policy can be found here.
Do I have to pay a surcharge if I do not pay my subscription by 31st October 2013?
If your subscription fee remains outstanding on the 1st November a 10% a late payment surcharge will be applied. A further 10% late payment surcharge will be applied to unpaid memberships on the 1st December. If your subscription fee remains outstanding on the 31st December your membership will be defaulted. Information regardimg our subscription policy can be found here.
When will I receive my 2013/2014 subscription renewal notice?
Your 2013/2014 subscription renewal notice will be posted to your preferred correspondence address during August and reminders will be sent to you by email during the following months. Members should ensure that their contact details are kept up to date to ensure that they receive communications from IFoA.
How can I apply for a reduced rate subscription?
Providing your income from all sources (excluding pensions) is less than 30 times the annual subscription, you can apply for a reduced rate subscription fee, currently £69.
You can download an application for a reduced rate subscription from our website by following the link here. Applications should be submitted to the membership team at membership@actuaries.org.uk. Please note that applications for a reduced rate subscription should be made by no later than 31 December.
If I pay the full rate subscription but find I am eligible for a reduced rate can I apply for a refund?
You will be able to apply for a refund up until 31 December 2013, however no refunds will be issued after 31 December 2013. If you are unsure if your income will exceed the income threshold you should apply for a reduced rate subscription initially and should your income exceed the threshold during the course of the subscription year (1 October 2013 – 30 September 2014) you should contact the membership team who will change your subscription fee to full rate.
Can I view the Actuary Magazine online?
You can view current and historic copies of the Actuary Magazine by following the link here.