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Hello everyone,
I would like to kindly ask you something about Acca yearly member fee.
Once we will be finally done with all the certification and become members, would you be willing to pay the year member fee?
Do you know anyone that does it? Do you know what’s the general trend?
Because honestly, once I will get the knowledge and the title, I do not see any point to keep going paying them.
Since I suspect I might miss some good reasons to continue paying the member fee, I would like to ask you what your thoughts are.
Thank you!
Cheers
You cant use your ACCA title if you dont pay the fee, as you will not be a member and not bound by their rules, which pretty much invalidates all the effort you made
The fee is £211, its a lot, but you do get lots of free CPD opportunity, as well as having the paid available, plus of course, it keeps all the effort you made with regards to exams etc.. relevant
Being a member will allow you to access higher paid roles, so it effectively pays for itself (unless your employer pays)
Thank you very much for your reply.
I assume from your answer that it doesn’t make sense to consider ACCA as an academic title: once you get it, it’s done and that’s it, you don’t pay more.
“as well as having the paid available” what do you mean by that?
Thanks
Paid CPD, once you’re a member they have regular webinars and seminars to attend for learning purposes, some are free, some are paid for, some are useful, some less so, but all of it needs arranging and paying for, its often information you would have to pay more for to receive elsewhere
It is an academic title, but to retain that title, its an on going process. In order to retain your ACCA member status, you have to complete your annual CPD, which is proof that you are remaining relevant and knowledgeable to the industry, which is what clients and employers want – if you employed someone that qualified 20 years ago that hasnt kept up with things, then how useful is their knowledge? it might be fine, but would you take the risk?
Imagine you were looking for an accountant to do your tax return, wouldn’t you be annoyed if you used someone that wasn’t aware of recent tax relief available, and you paid out more than you should have?
By the way, im not some sort of ACCA superfan, the fee is a lot to pay out, i just think if you have done all the hard work with the exams, it makes sense to keep your member status
If you are a UK taxpayer then you can claim some of the fee back as they increase your personal allowance by the amount of the membership, so in effect you get a 20% deduction from the fee.
This can also be backdated 3 years as well, I did it with the membership fee and got a cheque back for £30 past year!
This is all dependent if you are in a relevant job!
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