How do I become an IFA member?

The enrolment process is simple: all you will need to do is complete the enquiry form and provide copies of your professional financial qualifications together with a payment of £150.00 to cover the administration fee.  You can do this by simply filling out the following enquiry form

What are the benefits of being an IFA member?

To see our whole range of benefits, click here.

What are the levels of membership?

There are three levels of membership:

Playing an important part in supporting the organisation and its finance manager or team, the Financial Accounting Executive is often responsible for drafting final accounts and interpretation of financial information. Financial Accounting Executives may use the post nominal letters FAE. Progression to Associate level would be recommended as an individual’s career requires.

Associates of the Institute have achieved a level of competency considered necessary to manage or lead the finance function of an organisation. They have an advanced level of skill and ability and are often responsible for all aspects of financial management and reporting, They are also likely to have responsibilities related to regulation and compliance for the business and require broad management skills.  An Associate may use the post nominal letters AFA.

Fellow level is the highest level of IFA membership and demonstrates that the individual has senior, leadership experience or qualities. The qualification level demonstrates competence in all aspects of financial management and in strategic management. Fellows may use the post nominal letters FFA. 

How much are the annual subscription fees?

These vary according to where you spend the majority of your time and what level of membership you are.

For a list of fees by country, click here.

My membership lapsed - how can I come back?

If your membership has lapsed within the last 24 months you will need to get in touch with the membership team at membership@ifa.org.uk to pay the required fees and admin charges.

However, if your membership lapsed over 24 months ago then you will need to complete a new enquiry form and £150 administration fee.

The best thing to do in either case is to call us and we can chat through your options: 020 7554 0730.

Where can I find the Members' Handbook?

If you are a member with the IFA, you can view your Handbook by clicking here.

Then click on the area relevant to you and then the "Essential Information" option on the left hand side. The Handbook is on that page as a download, along with several other important documents.

Please note that you will be required to sign in.

Can IFA members give insurance and pensions advice?

IFA members are not permitted to advise on insurance, pensions etc without holding an individual licence from the FSA.

2016 Membership Renewals - General Questions

Why have subscription rates increased?

The annual members’ subscription fee is a very significant proportion of the IFA’s and FTA’s income, and without income we cannot aspire to provide improved services to the same members. In previous years, the economic circumstances has made it difficult to justify a subscription increase of any real size. However, increased costs are impinging on the IFA’s and FTA’s budget, so a balance has to emerge.

As well as looking at reducing our overhead costs where possible without impacting the level and quality of service to our members we do need to grow the membership and increase revenue  Subscription increases have been held to the absolute minimum with the majority increasing by only £10. A small increase was essential to ensure the IFA can maintain its increased effectiveness on behalf of the membership and continue to invest for the benefit of all.

I’ve mislaid my annual renewal return, am I able to receive another one?

Please send an e-mail to membership@ifa.org.uk and we will send you the relevant annual return and other documentation.

2016 Membership Renewals - Membership

I would like to relinquish my membership of the IFA and/or FTA?

Please note if you wish to relinquish your membership you will lose all access to your membership benefits.

We will need to receive your request in writing. An email is fine. Please send to membership@ifa.org.uk.

If you hold an IFA practising certificate or FTA Tax Certificate you will be required to complete a “relinquishing membership” form, which we will send to you and return all membership and practising certificates back to the IFA.

I am now retired, can I apply for a reduced membership subscription?

Yes. Please send an email to membership@ifa.org.uk explaining your situation and we will confirm whether or not you qualify for a reduced membership subscription.

What should I do if I only work part-time?

It all depends on the hours you work and the accountancy services you are providing. Please email us at membership@ifa.org.uk explaining your circumstances and we will confirm what you will need to do and the membership fee you are required to pay.

I am unemployed at the moment. What do I do?

Please email us at membership@ifa.org.uk explaining your circumstances and will confirm what you need to do with regard to your membership subscription and any other fees.

I am unable to work at the moment due to health issues. What do I do?

Please email us at membership@ifa.org.uk explaining your circumstances and will confirm what you need to do with regard to your membership subscription and any other fees. You may wish to login to the members’ area of the website and click on to membership benefits to obtain information about the Benevolent Fund.

2016 Membership Renewals - Practising certificates

Do I need to hold a Practising certificate?

If you are an IFA member providing accountancy services to the public for a reward you must hold a practising certificate. Please follow the link below:

We do have a few exemptions to where a member will not require a practising certificate, and so please check over this as you will know your own work and what your work consists of better than us.

Sometimes you can provide accountancy services to the public without a reward (exemptions) e.g. volunteering as a trustee of charity. However, you still need to make sure you are competent in what you do.

Can I hold a Practising Certificate with another professional body?

Yes. You may hold a practising certificate with another professional accountancy body, however please make sure that other body is aware of this as their bye-laws may have conditions regarding dual membership and practising certificates. 

Do I need money laundering supervision?

All practising members of the IFA and/or FTA must have AML cover.


Whilst the IFA and / or FTA are happy to provide you with a practising certificate, if you also hold a practising certificate with any other accounting and/or taxation body, it is your responsibility to inform them that you also hold a practising certificate with the IFA and / or FTA.

If you hold dual membership and / or hold a practising certificate(s) with another accountancy and / or taxation body, as well as with the IFA, we will liaise with that other body to ensure a coordinated approach to Anti-Money Laundering (AML) supervision, monitoring and other regulatory and compliance matters. If you are seeking to change to another AML supervisory body, we will liaise with that body to decide who is most appropriate to be your AML supervisor.

If I have two practising certificates, do I need to be supervised by two money laundering supervisors?

If you have a dual membership and/or hold a practicing certificate with another accountancy and/or taxation body, as well as with the IFA, we will liaise with that other body to ensure a coordinated approach to AML supervision, monitoring and other regulatory and compliance matters.

The other AML supervisor should come back to the IFA within a couple of days regarding any queries on AML supervision.


Do I need Professional Indemnity Insurance (PII)?

If you are providing accountancy services to members of the public you must have an IFA and or FTA practising certificate and PII. The IFA has a preferred supplier for PII provision, A J Gallagher. To find out more about A J Gallagher’s PII provision, simply log into the members area and click on membership benefit.

You are under no obligation to use them and may find your own insurance if you wish. You should, however, have your PII in place before applying for a practising certificate.

I no longer need a practising certificate. How do I relinquish this?

Please email us at membership@ifa.org.uk explaining your circumstances and will confirm what you need to do with regard to your practising certificate and any other fees.


2016 Membership Renewals - Methods of Payment

How can I pay my fees?

Methods of payment can be found in the accompanying membership / practising certificate renewal form sent to you with your renewal notice.

Can I make the payment over the phone?

Yes. Please call us on 0207 554 0730 and we can take payment using a debit or credit card.

Can I pay via the IFA website?

Yes. Simply log into the members area and select the details and outstanding payments page. 

How do I confirm I have a Direct Debit set up with you?

Simply telephone the membership team on 0207 554 0730 and we will be able to confirm this. We would recommend that you contact your bank to confirm the Direct Debit remains active.

Can I pay my subscription in instalments?


How do I become an IFA student?

The enrolment process is simple: all you need to do is complete the enquiry form by clicking here.

If you are training through one of our accredited training providers they will register you for the relevant qualification.

Can I get any exemptions?

If you have previous finance or accountancy qualifications you may be eligible for exemption from some of our modules / units. In order for us to assess your exemptions eligibility you will need to complete and return the student registration form including the exemptions section and return everything to the IFA with relevant certificates/transcripts.

This can now all be done online - just click here.

How long does it take to study for the exams?

There is no hard and fast rule – the study period can vary depending on your previous background, how fast you learn, and how much time you can devote to study. However, as a general guide, each module/unit is expected to take approximately 140 hours of studying.


Which banks and building societies accept IFA members?

All banks and building societies should accept IFA members for signing off accounts. As of the 16th November 2011, the IFA became the only UK non-chartered body to achieve full IFAC membership. This has given our members more recognition around the world. 

Whilst we will aim to provide an up to date list, and will conduct annual reviews of each banks criteria to make sure this stays updated, we are aware that banks and building societies criteria do change unexpectedly, and if you notice that our name is not on their approved list, please contact via email or phone and we shall investigate.

T: 020 7554 0730
E: mail@ifa.org.uk

To find out more informarion on approved banks and building societies, click here.

Last updated 23/10/2015. 

How do I log in to the website?

All members have been assigned a new password due to the online payment facility we have recently started offering.

This password was on the back of your subscription renewal letter sent out in October.

If you did not get this, or have simply forgotten your password, you can still access the website: just go to the homepage, find the log-in box on the right and click "Forgotten Login?"

Then enter your email address and follow the instructions you will be send via email.

If this doesn't work, you have changed your email address or you have any other queries, please send an email to mail@ifa.org.uk

Do you have a list of members?

We have a list of practising members you can look at either to find your nearest accountant or to check they are registered with us.

You can find an accountant by clicking here and typing in their postcode, town or county.

If a member is employed, they will not appear on this list but this does not mean they are not a member.

If you have any problems, give us a call on 020 7554 0730.

What is the FTA?

The FTA (Federation of Tax Advisers) is the tax faculty of the IFA. They merged with the IFA in 2009 and their offices are also based at Burford House.

To find out more about them or to become a member or student, please visit the FTA website.

© Institute of Financial Accountants 2015 All Rights Reserved all 3rd party trademarks acknowledged.
The Institute of Financial Accountants. The Podium, 1 Eversholt Street, Euston, London, NW1 2DN
Registered in England No. 9350923 Limited by Guarantee. Registered Office: 190 High Street, Tonbridge, Kent TN9 1BE