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Membership Fees?

  • 10-04-2016 8:29pm
    #1
    Registered Users, Registered Users 2 Posts: 188 ✭✭


    So my other half is no longer working in the profession and doesn't see herself going back to accounting in the short term anyway. She is debating about weather she should stop paying her annual membership fees.

    Has anyone been in the same situation and then returned to the profession? What happens at this point? Would she be required to pay the fees for those years she was no longer a member, if so is it possible to negotiate a lower fee with ACA??


Comments

  • Registered Users, Registered Users 2 Posts: 2,241 ✭✭✭ZeroThreat


    Out of curiosity, what annual fees does ACA charge?

    The ACCA fee was £85 as of Dec 2015.


  • Registered Users, Registered Users 2 Posts: 4,685 ✭✭✭barneystinson


    ZeroThreat wrote: »
    Out of curiosity, what annual fees does ACA charge?

    The ACCA fee was £85 as of Dec 2015.

    Huh? Is that the student fee? The full membership rate is I've £200 now, about €300 this year.


  • Registered Users, Registered Users 2 Posts: 2,241 ✭✭✭ZeroThreat


    Huh? Is that the student fee? The full membership rate is I've £200 now, about €300 this year.

    oh yeah, that's the student rate, worked out at about €120 at the time. I didn't realise they jack it up once you pass all the exams. :mad:


  • Closed Accounts Posts: 430 ✭✭Hopeful2016


    Huh? Is that the student fee? The full membership rate is I've £200 now, about €300 this year.

    €565, apologies, quoted the wrong post but ACA fee for the year is €565.


  • Registered Users, Registered Users 2 Posts: 586 ✭✭✭jonnybravo


    Think there's a reduced option for those going on a career break. When I was away travelling I didn't have to pay the full fee. Think the reduced fee is around €200.


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  • Registered Users, Registered Users 2 Posts: 566 ✭✭✭hjr


    jonnybravo wrote: »
    Think there's a reduced option for those going on a career break. When I was away travelling I didn't have to pay the full fee. Think the reduced fee is around €200.

    Correct.

    This may be of interest:

    https://www.charteredaccountants.ie/PageFiles/351/Euro%20Rate%20Sheet.pdf

    See pages 2 and 3.


  • Registered Users, Registered Users 2 Posts: 188 ✭✭ClaptonBay


    jonnybravo wrote: »
    Think there's a reduced option for those going on a career break. When I was away travelling I didn't have to pay the full fee. Think the reduced fee is around €200.

    Yeah she has had that option the last two years and used it but she wants to stop paying it altogether and just wondering if someone had gone through a similar experience?


  • Moderators, Business & Finance Moderators, Recreation & Hobbies Moderators Posts: 25,395 Mod ✭✭✭✭Loughc


    ClaptonBay wrote: »
    Yeah she has had that option the last two years and used it but she wants to stop paying it altogether and just wondering if someone had gone through a similar experience?

    If you don't pay your membership fees you'll lose your membership to that professional body, seems like a waste after doing all the hard work of passing the exams.


  • Registered Users, Registered Users 2 Posts: 188 ✭✭ClaptonBay


    Loughc wrote: »
    If you don't pay your membership fees you'll lose your membership to that professional body, seems like a waste after doing all the hard work of passing the exams.

    I think that goes without saying, thats not the question I asked. Obviously she will no longer be a member. My question was if anyone had been in a similar situation where they ceased paying fees for a number of years but at a later date went back practicing, what happens in such a scenario re readmission to the body?


  • Moderators, Business & Finance Moderators, Recreation & Hobbies Moderators Posts: 25,395 Mod ✭✭✭✭Loughc


    ClaptonBay wrote: »
    I think that goes without saying, thats not the question I asked. Obviously she will no longer be a member. My question was if anyone had been in a similar situation where they ceased paying fees for a number of years but at a later date went back practicing, what happens in such a scenario re readmission to the body?

    You need to set up a new membership. You would need to sit your professional exams again.


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  • Moderators, Business & Finance Moderators Posts: 10,613 Mod ✭✭✭✭Jim2007


    Loughc wrote: »
    You need to set up a new membership. You would need to sit your professional exams again.

    For ACA not necessarily, it is possible to apply for reinstatement, although it depends a lot on how long the membership was lapsed.


  • Moderators, Business & Finance Moderators, Recreation & Hobbies Moderators Posts: 25,395 Mod ✭✭✭✭Loughc


    Jim2007 wrote: »
    For ACA not necessarily, it is possible to apply for reinstatement, although it depends a lot on how long the membership was lapsed.

    Ah sorry, I read the OP original post as ACCA. As far as I know once you're struck off the register there the only way back is as a new member/student.


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