In the beginning of the year 2021, I received my invoice for my studentmembership fee of 2021 which I promptly paid. Was awaiting the results for my last paper at that point of time. When the results were released mid-January, I had successfully cleared the last paper and was now eligible for membership (PER was already fulfilled). ACCA then send me the official membership fee invoice and asking me to make payment towards this.
I wrote to them asking them to refund my the student membership fee as I had barely been a student in the year 2021, just 20days. My membership was approved on 20th January 2021. But they refused saying I had to pay both.
Can someone explain to me why I am required to pay both?
Qualified Members Forum
Why do I have to pay Membership Fee and Student Membership Fee?
5y ago#1My understanding based on previous posts is that you should pay only the additional fee. Please post to this thread the e-mail response to your query - in full - including date, time and sender details so I can follow this up.
5y ago#2Perhaps you are confusing annual subscriptions and membership fees. See here https://www.accaglobal.com/ie/en/student/getting-started/dates-and-fees.html the admission to membership fee is separate - your first annual membership fee will be due 1 January 2022
What are the benefits of becoming ACCA Member?
5y ago#4@chioma12345678 - see here for details https://www.accaglobal.com/uk/en/member/membership/member-ready/why.html
And note here that after 3 years of affiliate status you will in any case pay a full member fee https://www.accaglobal.com/ie/en/student/getting-started/dates-and-fees.html
3y ago#6@sal2222
See here https://www.accaglobal.com/ie/en/student/getting-started/dates-and-fees.html
The fee payable on successful admission to members is a one-off (e.g. £270 for UK)
The annual subscription fee payable 1 January each year is currently (in the UK) £270 for members, £135 for affiliates (and £116 for students).
Yes you can postpone paying annual membership fees and pay only affiliate fees by holding back on your application to membership - but only for 3 years (after which you will be required to pay the full member fee, even if you are still an affiliate).
Note however that you cannot use the ACCA designation until you are admitted to membership.
3y ago#8@sal2222 please see in my post above the link to benefits of membership.
Accounting is a PROFESSION and, like many (if not all) professions, it comes with an annual "certification" and fees - for accounting, certification requires completion of annual CPD.
I am ACA (ICAEW) and FCCA (ACCA fellow) and have paid annual fees to both for more years than I care to remember. Even though I have worked in professional education for more than 30 years, I do not get CPD "automatically" through any affiliation with training providers but complete it through the unit route www.accaglobal.com/gb/en/member/cpd/your-guide-to-cpd/cpd-what-you-need-to-do.html
ACCA fees are very modest as compared to other UK alternatives and provides more free CPD opportunities.
The letters "ACCA" (or "FCCA" after 5 years www.accaglobal.com/ie/en/member/membership/fellowship.html) will carry weight on a CV whenever you seek to change employment.
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