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Membership

Subscriptions
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. You then have until 31
October to pay your subscription without
surcharge.

The surcharge applied for late payment on 1

November will be just 1%, with a further 1%
surcharge added on 1 December. If your
subscription remains unpaid by 31
December, your membership will be
cancelled.

For full subscription information, please

refer to the Subscription Policy. You will
also find all subscription rates from 1
October within the Membership
Subscriptions Table.

How much 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 and for the specialist sections of the
International Actuarial Association (IAA).

On the IAA website, you can find information

about the IAA Sections.

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.

Dual Membership
status
Fellows and Associates of the IFoA who are
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. You can do
this after you have logged on to the IFoA
website. Applications for 2022-2023 must
be made by 31 December 2022.

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 is listed in the table below:

Membership Income
status threshold
Fellow £21900

Associate £14550

Certified Actuarial
£7500
Analyst

Student Actuarial
£5100
Analyst

Student £7230

Applications for a reduced rate subscription

can now be made on online in My Account.

In My Account you can also:

Obtain your subscription notice under

'My subscriptions'
Make payments under 'My invoices'
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 not in work that relies upon your

actuarial training and experience, in the
widest interpretation, or on your
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 the
application of the reduced rate, such as
serious ill health.

To make an application under the above

criteria, please download and complete the
application form. Please then return to
memberservices@actuaries.org.uk.

If you are fully retired and have been

registered as non-practising a reduced rate
subscription fee will be applied to your
record without the need to submit a
Reduced Rate (non-income based)
application.

Before you pay

Before you can pay your annual
subscription, you are required to complete
your online CPD declaration. This can be
done on My Account. Look for 'My CPD' and
the CPD declaration.

For more information, please refer to our

guide on paying fees and making a CPD
declaration.

Ways to pay
We offer a range of ways to pay your annual
subscription. The easiest way to pay is
online on My Account. Please ensure you
have all the information you need before
starting the payment process and you are
using an up-to-date version of your internet
browser.

IFoA offers two online payment options:

credit/debit card and PayPal. Should you
face any issues paying with one option, we
encourage you to try the other. UnionPay is
accepted through PayPal.

Bank transfer

Use the details below and send a copy of

the remittance advice
to memberservices@actuaries.org.uk. This
is so we can allocate your payment.

Bank details
Account Institute and Faculty of
name: Actuaries

Account
08671990
number:

Sort
56-00-20
code:

SWIFT NWBKGB2L

IBAN GB98NWBK56002008671990

Credit or debit card

Simply go to the 'My invoices' section in 'My

Account'. Or you can call us on +44 (0)131
240 1325.

We accept Visa, Mastercard and American

Express.

Paypal

Simply go to the 'My invoices' section in 'My

Account'. Select to pay by PayPal.

Annual direct debit

With your sort code and account number to

hand, contact
memberservices@actuaries.org.uk.

Before making payment by any method,

please ensure that your subscription
notice shows the correct subscription rate.

Guide: paying fees

and making a CPD
declaration
Payment of subscriptions and making an
annual CPD declaration are requirements of
your ongoing IFoA membership. The below
series of questions and answers will help
guide you through the process.

When should I submit

my CPD declaration?

You can submit your online CPD

declaration for the previous CPD year
How do I submit
from 1 September myYour
each year. CPD
declaration?
CPD declaration must be made online
before you can submit your
subscription payment. If you intend to
renew your membership
1. Log into My Accountfor 2022-
2023, you should submit your CPD
When should
2. Select
declaration
I payOnce
My CPDdelay.
without
myyou
annual
have
3. Select subscription
submitted
CPDyour fee?
CPD declaration,
declaration and
your subscription
complete fee will become
available for payment.
Subscriptions become due on 1
4. Click submit
October each year and should be
How
paid by do I paytomy
31 October avoid any late
subscription
payment fess. A 1%online?
late payment fee
will be applied to all unpaid
subscriptions on 1 November and a
further 1%inapplied 1 December if the
1. Log to My Account
subscription remains outstanding. All
How do My
2. Select
unpaid
I pay my
Invoices
membership subscriptions as
subscription
at 3.
31 Click
December
on Paywillby
and bank
result in the
follow
transfer?
membership being lapsed due to non-
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payment.
4. Enter card details and submit
Please send your payment to:
5. A receipt for the payment will
become available within 24
Paying
Account your
name: membership
Institute and Faculty
hours of a successful payment.
of Actuaries
fees by direct debit
Account number: 08671990
Please ensure that you submit your
Sort code:
annual CPD56-00-20
declaration within one
Who is
month of required
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direct debit make
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SWIFT: NWBKGB2L
a CPD
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IBAN: GB98NWBK56002008671990
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All members are required to submit
you.
Bank name: NATIONAL
an annual CPD declaration before
WESTMINSTER BANK PLC
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Download the report Do

Contact us
If you have any questions
about membership
please email us or call us
on +44 (0) 131 240 1325.
Response times can be
found in our membership
FAQs.

Email Member Services

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