Changes to IfA subscription fees 2012/13
A new basis
There have been regular discussions over the years about the Institute’s subscription structure and the appropriateness of the income bands that is has been based on. In an attempt to streamline and make clearer the current system, the subscription structure will be amended from April 2012. At present subscription rates are linked to a member’s income – making it both complicated for members and time-consuming from an administrative perspective. From April 2012, subscription bands will be based on grade of membership. This structure will continue to allow members on lower incomes to apply for a reduced subscription rate and to ensure a fair subscription for those who earn less than the recommended minimum salary for their grade of membership. The subscription rates for each grade of membership can be found below.
Applying for concessionary rates
The process of application for concessionary subscription rates is very straightforward and involves providing a statement in writing (via post or email) and/or sending in a copy of your annual P60, Job Seekers allowance statement etc. This process has already been in place for a number of years with the previous subscription structure and has been taken up by members whose circumstances qualify.
You may want to apply for a concessionary rate for a number of reasons. For example, you may be an Associate (AIfA) member of the Institute and expected to pay an annual fee of £150. But if you are employed in a post that has PIfA-level responsibility and pay, you would then be able to apply for a reduction in your subscription fee to the rate paid by a PIfA member (£110). If you are earning less than the PIfA recommended minimum salary then you can apply for a further reduction to the PIfA concessionary rate of £67. If you work part-time you would also be eligible for a concessionary rate if your income does not meet the relevant recommended scale - as outlined above you would need to provide details of your income. The subscription rate for those who are not currently in employment will be £20.
The new subscription structure is set out above. A detailed letter explaining the rates for the new structure will be sent out to all members in February with the annual subscription renewal. In the meantime, if you have any queries about the changes please contact email@example.com.