CT1 is one of the nine Core Technical (CT) subjects. Students need to pass or obtain exemptions from all of the CT subjects. Visit Exam exemptions for more information about how to apply for exemptions from the professional exams.
There are two opportunities each year to sit this exam: in April, and in September/October
For the April exam sitting, bookings will open in January/February each year; for the September/October exam sitting, bookings will open in July. Exam bookings are open for a limited period for each exam, and you must make your application by the appropriate closing date. You will need to pay the exam fee when you apply for the exam.
2018 examinations for non-members
With the introduction of our new Curriculum 2019, we have made changes to the exam options available to our non-members. Previously a non-member could only apply for the CT1 exam. However as we approach the new Curriculum 2019 examinations and we only had two exam sittings left of the current curriculum, we have offered our non-members the following options:
- For the April 2018 exams, non-members were able to apply for either CT1 (Financial Mathematics) or CT3 (Probability and Mathematical Statistics). This gave non-members the option to complete the CT1 exam if they had been studying towards this; or to take CT3 which if passed will gain a CS1 in 2019.
- For the September 2018 exams, non-members were only able to apply for CT3. This is because CT1 and CT5 are merging under the new curriculum and passes in both will be required to gain the CM1 exam in 2019.
The Actuarial Education Company (ActEd), provides study material and tuition for this subject, as do a number of courses listed on our University courses with exemptions page
The exams will be based on the syllabus as supported by the core reading. The ActEd course material will be the main source of tuition as it expands on the core reading. However, if you need clarification on some points, or want to read further, then you may find it useful to consult the texts suggested on the Resources page to get a different viewpoint.
The recommended study time for this exam is between 125 and 150 hours depending on your past educational background in the subject.
To gain exemptions through a university course, it is necessary to successfully complete the full degree or diploma and to gain sufficiently high marks to qualify for subject exemptions
Check our list of University courses with exemptions.
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Contact Details
Member Services Team
memberservices@actuaries.org.uk
Institute and Faculty of Actuaries, 1st Floor, Park Central, 40/41 Park End Street, Oxford, OX1 1JD
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Events calendar
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TPR Climate Change Guidance Consultation
17 August 2021
Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s Climate Change Guidance Consultation, which is seeking views on new guidance designed to help trustees meet tougher standards of governance in relation to climate change ri -
September 2021 - Exam Preparation Techniques Webinar
23 August 2021.
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This session will examine the megatrends and themes driving the Future of Work across the Financial Services industry, and how Covid-19 has accelerated new future work priorities with a particular focus on hybrid work and leadership mindset and capabilities. -
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them. -
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.
Louise Pryor, IFoA President, will chair this free-to-view session, in which Alex Darsley, TPR, Actuarial Regulatory Policy, will be discussing the regulator’s 
This session will examine the megatrends and themes driving the Future of Work across the Financial Services industry, and how Covid-19 has accelerated new future work priorities with a particular focus on hybrid work and leadership mindset and capabilities.
Internal audit is often the Cinderella of the audit world. It’s a regulatory requirement for insurance companies to have an internal audit function, so why not make it as useful as possible? This session will look at how to link an internal audit plan to the risk register, and how that helps audit committees and boards to spot problems and fix them.
Climate change is one of the greatest risks facing our world today. Addressing it will require multi-faceted solutions. Through this panel session, we will explore the different levers that can be used to meet net-zero targets including climate science and data, government engagement, and mobilising green finance.