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Should i pay my student membership annual fee if i expect to become a member as soon as my results come out?

+1 Vote
Should i pay my student membership annual fee if i expect to become a member as soon as my results come out?

Hi,

I have just sat for my last ACCA paper in December 2017 and I am hoping to pass it once i get my results on Jan 15, 2018. I havent yet paid my annual student fee of 97 GBP. Should i wait for my results to come out, and if i pass apply for membership and then pay the annual membership fee? Would i still be required to pay for the annual student fee in that case?

Thanks

January 8th 2018 AN ACCA USER 140 Points

1 Reply

+5 Votes

Hello,

I have asked the similar question to ACCA, and the reply of them was that, yes, we are still required to pay for the annual subscription fee of £97. And once we pass the last exam, and now we are affiliate and eligible to apply for membership if we have fulfilled all the requisite conditions. In that case, we are required to pay only the membership admission fee of £231, but not the annual membership fee of £236.

I was wondering for few scenarios:
1. I will be required to pay £97, once I pass the exam, I gotta pay £231 for admission fee then £236 as my ACCA membership fee.
Well, that's not the case.
2. I don't pay £97, I wait until I pass and now I can apply for membership, then I pay just £231 + £236.
Again, that's not the case.
3. I pay £97, then once I pass, I pay only £134 (£231-£97) for membership admission fee.
Well, not so nice too.

As a conclusion, you need to pay £97 as you are still considered as a student before you complete your examination, and you need to pay £231 once you apply for membership. And that's it.

Hope it helps.

January 9th 2018 AN ACCA USER 420 Points
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