Subscription payments become due for renewal on 1 October 2021 and you have until 31 October 2021 to pay your subscription without surcharge. The surcharge that will be applied for late payment on 1 November 2021 will be just 1%, with a further 1% surcharge added on 1 December 2021. If your subscription remains unpaid by 31 December 2021, your membership will be cancelled.
How much is will it cost me to join the IFoA?
You can find a list full list of our membership fees on our Membership fees and subscriptions table.
You will also need to pay a non-refundable application fee of £135.
The IFoA also collects the optional subscriptions for the Staple Inn Actuarial Society (SIAS) and for the specialist sections of the International Actuarial Association (IAA).
The simplest way to subscribe to any of the optional subscriptions is to email firstname.lastname@example.org. We will set up the subscription for you and you can pay online.
Download the Sections Brochure for more information.
Dual Membership Status
Fellows and Associates of the IFoA who are current members at the equivalent level of another actuarial body which is a full member association of the IAA may apply for Dual Membership status. If you meet the criteria set out in the application, you can complete the Dual Membership application form for 2021-2022 after you have logged on to the IFoA website. Applications for 2021-2022 must be made by 31 December 2021.
Reduced rate subscription (income based)
If your income falls below the threshold for your membership status, you can apply for a reduced rate subscription. The income threshold for each category of membership for 2021/2022 are listed in the table below:
|Membership status||Income threshold|
|Certified Actuarial Analyst||£7500|
|Student Actuarial Analyst||£5100|
Applications for a reduced rate subscription can now be made online in the 'My Account' section of the website.
In the 'My Account' section of the site you can also:
- obtain your subscription notice under 'My subscriptions';
- make payments under 'My invoices'; and
- obtain receipts for all payments made from 'My receipts and purchases'.
Reduced rate subscription (non income based)
You can also apply for a reduced rate subscription if you:
- are fully retired;
- are not in work which relies upon their actuarial training and experience, in the widest interpretation, or on their membership of the IFoA;
- work in an actuarial role for less than 20 hours during the subscription year;
- can demonstrate exceptional circumstances that would justify application of the reduced rate, such as serious ill health.
Members who are fully retired and have been registered as non-practising will benefit from the reduced rate subscription.
Ways to pay
Use the details below and send a copy of the remittance advice to email@example.com so we can allocate your payment.
|Account Name:||Institute and Faculty of Actuaries|
Credit or debit card
Simply go to 'My invoices' section in the 'My Account' area of our website or call us on +44 (0)131 240 1325 or +44 (0) 1865 268 207.
We accept Visa, Mastercard and American Express.
Simply go to the 'My invoices' section in 'My Account' area of our website and select to pay by PayPal.
Annual direct debit
Contact firstname.lastname@example.org with your sort code and account number.
Before making payment by any method, please ensure that your subscription notice shows the correct subscription rate.
- 20 August 2021
- 27 July 2021
- 19 August 2020
- 13 July 2021
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