14th March 2006, 02:29 PM
From IF Lostmetrowel:
This did not sound right to me, so I have checked it out on the IFA site.
Subscription rates are exactly the same for all grades of corporate member - they are graduated by income, not by grade. So, your subscription will only go up if your income has increased enough to put you into another bracket. Seems fair to me.
Your 'extra tenner' is a one-off transfer fee, which covers the administrative cost of processing your application and putting it through the validation committee. That seems fair as well; admin does cost money, and the only other way to cover that cost would be to put it on the subscription rates.
From your post it sounds like you have had a direct financial benefit from IFA membership, in that your employer has decided to pay you more. I would be staggered if your pay increase is outweighed by a one-off ?10 fee, and if your pay has increased to the point where you go into another bracket, then it is only fair that you should pay more (as I do).
On the other hand, if your employer is an RAO and strongly encourages staff to be members, then perhaps they should be paying fees. However, this may be adequately covered by the fact that they appear to be paying you more for upgrading your membership.
Sounds to me like you've got a pretty good deal out of the IFA.
1man1desk
to let, fully furnished
Quote:quote:Now my great employer has decided to up my pay because I am such a wonderful asset to the companythe cost becomes even more prohibitive. If I stay at PIFA I will shell out ?126 or ?114 by Direct Debit. If I wont to up my membership to AIFA I will also have to find another tenner. So I ask myself what will this extra expense gain me!?!?
I am almost at the point of wondering whether th stay in the IFA or not. But I better had as my employer is RAO and likes IFA people on its staff list
This did not sound right to me, so I have checked it out on the IFA site.
Subscription rates are exactly the same for all grades of corporate member - they are graduated by income, not by grade. So, your subscription will only go up if your income has increased enough to put you into another bracket. Seems fair to me.
Your 'extra tenner' is a one-off transfer fee, which covers the administrative cost of processing your application and putting it through the validation committee. That seems fair as well; admin does cost money, and the only other way to cover that cost would be to put it on the subscription rates.
From your post it sounds like you have had a direct financial benefit from IFA membership, in that your employer has decided to pay you more. I would be staggered if your pay increase is outweighed by a one-off ?10 fee, and if your pay has increased to the point where you go into another bracket, then it is only fair that you should pay more (as I do).
On the other hand, if your employer is an RAO and strongly encourages staff to be members, then perhaps they should be paying fees. However, this may be adequately covered by the fact that they appear to be paying you more for upgrading your membership.
Sounds to me like you've got a pretty good deal out of the IFA.
1man1desk
to let, fully furnished