- February 19, 2021 at 8:57 am #610934insiMember
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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?February 19, 2021 at 5:12 pm #610978
My 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.February 19, 2021 at 5:55 pm #610983
Perhaps 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 2022April 24, 2021 at 5:34 am #618651chioma12345678Member
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What are the benefits of becoming ACCA Member?April 24, 2021 at 9:09 am #618692
@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.htmlOctober 20, 2022 at 9:43 am #669416sal2222Member
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Can i refresh this post.
I passed my last exam back in January 2022, I’m about to complete my objectives and ready to apply for membership.
Would it be cheaper for me to wait till January after i have paid the affiliate fee or should i apply now and pay membership fee only in January.
My thinking is if i pay the affiliate fee(which is less then membership fee) in January and then apply for membership i will not have to pay membership fee until 2023.
or will have to pay membership fee regardless. in which case i might as well apply for membership now and save having to pay for the affiliate fee.October 20, 2022 at 11:54 am #669433
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.October 21, 2022 at 3:06 pm #669567sal2222Member
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- Replies: 93
thank you so much for your quick reply, really is helpful.
with regards to the ACCA designation, i know this should be very valuable to me, seeing that ive worked so hard to complete ACCA, but i don’t understand why I need this and why I need to pay annually for it.
I work in the uk as a reporting analyst, ofcourse my ACCA journey is what got me to where i am but should i be using the letters somewhere? am i in the wrong role?October 22, 2022 at 7:40 am #669617
@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 http://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 http://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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