Savings Calculator

IFoA Membership Savings Calculator

See how much you could save by switching to INQA before the October 1st renewal deadline

IFoA renewal deadline: 67 days remaining

Your Potential Savings

Your current IFoA membership:

IFoA subscription from October 2025: £

INQA subscription: £94 (at current prices)

Your first-year savings: (includes one-time £24 verification fee)

Your 5-year savings:

Employer Pays Your Subscription?

Suggest splitting the savings with your employer:

Your share: annually

Employer still saves: annually

View email template to send to your employer

📄 Download Employer Business Case Pack (PDF)

Join INQA Now - Keep Your IFoA Options Open

All calculations are based on current prices and do not account for potential future price changes. Savings may be higher for VAT-registered businesses that can reclaim VAT on professional subscriptions.

Important: Actuaries in reserved roles (e.g., Chief Actuary positions) may be legally required to maintain IFoA membership in addition to any other professional memberships. Please check your specific regulatory requirements.

What Could You Do With Your Savings?

Join INQA
October 2025

Year 1
Save £

Year 2
Save £

Year 3
Save £

5-Year Total
Save £

Your savings could fund:

A Message from Our Founder

"As a former IFoA Council and Management Board member, I've long advocated that subscription fees were too high. I've also felt that IFoA regulation was constantly ratcheting up and needed a reset. INQA represents my conviction that actuaries deserve better value for money and proportionate, less intrusive regulation."

- Patrick Lee, General Secretary & founder

Membership Comparison

Feature INQA IFoA
Annual Cost £94 £
Payment Flexibility Monthly subscription Annual payment
Professional Recognition International directory profile + personal professional page Established recognition
CPD Requirements Professional judgement - you manage your own CPD Prescriptive tracking and reporting
Regulatory Approach Proportionate Intrusive - extends into personal life

Why Switch Now?

  • Immediate cost savings (£ in your first year)
  • Keep your options open: INQA and IFoA membership aren't exclusive - join INQA now and decide about IFoA renewal in October
  • Monthly subscription flexibility - no large annual payment
  • Proportionate regulation that respects professional boundaries, with CPD based on your professional judgement - unlike IFoA's prescriptive approach to CPD and increasingly intrusive regulation that extends into personal life
  • Modern, efficient member platform built for today's actuaries
  • Be among the founding members shaping a new professional organization
  • No annual commitment - cancel anytime with monthly subscription
  • Unleash the power of competition: IFoA fees and regulation have increased significantly due to their quasi-monopoly position - your INQA membership helps create competition that benefits all actuaries
  • Part of a £9.9 million opportunity: Qualified IFoA actuaries and their employers could collectively save an estimated £9.9 million annually by switching to INQA

Growing Employer Interest

Senior actuaries and heads of actuarial departments have been visiting our LinkedIn profile since launching this calculator, indicating that employers are becoming aware of the competitive advantage of cost-effective professional membership alternatives.

Join INQA - Keep Your IFoA Options Open

Employer Savings Calculator

Calculate your organization's total annual savings by switching actuarial staff to INQA membership

For Employers: Calculate your total annual savings by switching your actuarial staff to INQA membership. Employers that switch to INQA can make significant savings relative to competitors who don't.

Also interested in individual savings?

↑ Calculate Individual Savings Above