Membership Top 6 FAQs - October 2013
The membership team regularly receive numerous questions on various topics. The top 6 most frequently asked questions this month are :-
I am an overseas student member. Am I automatically entitled to the reduced rate subscription?
Reduced rate subscriptions are based on income level and not location. To be eligible for a reduced rate subscription, your income from all sources, with the exception of pensions, should not exceed 30 times your annual subscription. Further information on reduced rates can be found here.
I have not received my annual subscription renewal notice. Where can I obtain a copy?
You can now obtain a copy of your subscription notice from the member’s area of our website. Once logged in, you should select the subscription letter option located on the left hand side of the page.
What should I do if I want to resign my membership, but pay by monthly direct debit?
Once you have advised the membership team of your intention to resign your membership, your direct debit will be cancelled. If you resign prior to 31 December, any fees that you have paid towards the current subscription year will be refunded. If you resign after 31 December in the current subscription year, no refund will be made and the balance of fees due will remain outstanding. You will be required to pay the outstanding fee if you reinstate at a later date.
Will I incur a penalty if I do not pay my subscription fee by 31 October 2013?
If your subscription remains outstanding on the 1 November, a 10% surcharge is applied and a further 10% surcharge is applied to all unpaid memberships on the 1 December. All memberships which are unpaid by 31 December will be defaulted. Please see our Subscription Policy for further information.
How do I reinstate my membership?
You should firstly contact the membership team at membership@actuaries.org.uk who will provide you with a reinstatement form for you to complete. You can reinstate your membership at any time during the subscription year. Lapsed student’s who want to apply for exams, should ensure that they apply for reinstatement 2 weeks before exam closing dates. Please refer to the reinstatement criteria for further information.
What is the current cost of a Practising Certificate?
The cost of a practising certificate is currently £860. Further information on practising certificates can be found here.