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Subscription information

The subscription year runs from 1 October to 30 September each year regardless of the date you joined the Institute and Faculty of Actuaries (IFoA).

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.

If you need to make any changes to your subscription rate, such as applying for Dual Membership or a reduced rate, please do so before making any payment.

For full subscription information, please refer to the Subscription PolicyYou will also find all subscription rates from 1 October 2021 within the Membership Subscriptions Table.

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.

Optional subscriptions

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 memberservices@actuaries.org.uk.  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
Fellow £21900
Associate £14550
Certified Actuarial Analyst £7500
Student Actuarial Analyst £5100
Student £7230

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.

To make an application under the above criteria, please complete the application form and return to memberservices@actuaries.org.uk.

Members who are fully retired and have been registered as non-practising will benefit from the reduced rate subscription.

Ways to pay

Bank transfer

Use the details below and send a copy of the remittance advice to memberservices@actuaries.org.uk so we can allocate your payment.

Bank Details
Account Name: Institute and Faculty of Actuaries
Account Number: 08671990
Sort Code: 56-00-20
SWIFT NWBKGB2L
IBAN GB98NWBK56002008671990

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.

Paypal

Simply go to the 'My invoices' section in 'My Account' area of our website and select to pay by PayPal.

Annual direct debit

Contact memberservices@actuaries.org.uk with your sort code and account number.

Before making payment by any method, please ensure that your subscription notice shows the correct subscription rate.

Related documents

Contact Details

If you have any questions about subscription rates please contact or telephone:

memberservices@actuaries.org.uk

We aim to respond to all initial enquiries within three working days.

Filter or search events

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E.g., 22/01/2022
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Events calendar

  • Spaces available

    Over recent months there has been a sharp rise in M&A activity involving British businesses, with interest from overseas, domestic buyers and Private Equity investors.  

  • Spaces available

    Frank Redington is recognised as one of the most influential actuaries of all time. In this talk, Craig will review some of Redington's most important ideas. He will identify the consistent actuarial principles that form a common thread across the contributions Redington made to a broad range of actuarial fields, and will highlight the ongoing relevance of Redington's thinking to 21st century actuarial practice.

  • Spaces available

    The IFoA Mental Health working party look back over their week of blogs and podcasts considering all aspects of the relationship between mental health and life insurance. The expert panel spans adviser, underwriter and actuarial experience and they  explore triggers for purchasing insurance relating to mental health, the various routes to insurance and how these may be more suited to different people depending on their conditions and preferences, the products and processes involved in purchasing these as well as what claims and support are available to policyholders and how to access them.

  • Spaces available

    Part of the 'Finance in the Public Interest 2022' webinar series. If it was ever okay to consider your business in isolation from its surroundings, today it most definitely is not. Thinking about business within its surrounding system is now a necessity. The question we seek to discuss is: How should we prescribe the boundaries in which we consider problems to enable us to create better products and more resilient companies and systems?

  • Spaces available

    What will happen to DC pension savers who see life annuities as poor VFM but still want an income for life?  Pooled annuity funds could offer them a decent lifetime income while reducing significantly the complex choices and risk inherent in income drawdown.  They could be the next generation of CDC pension schemes, slotting into the existing DC framework as a post-retirement option.