Membership Financial assistance

Financial assistance with membership subscriptions

Introduction

The ifs School of Finance is able, through its Benevolent Fund, to assist members who are experiencing genuine financial difficulty in maintaining their annual subscriptions.

It may be necessary to provide proof in order to substantiate the payment through the Benevolent Fund of annual subscriptions. The documents required are shown below and the ifs is not responsible for any charges incurred by members in providing substantiating documents eg medical certificates.

Any arrangements are for the subscription period in which the application is made only and are at the discretion of the ifs. (The membership subscription period is 1 January to 31 December).

Redundancy

The ifs is prepared to consider applications from Members who are experiencing financial difficulties, and who are actively seeking employment. Membership will be maintained for a maximum of two years only but special circumstances will be considered.

Any arrangements must be renewed annually.

Ill Health

  1. Consideration can only be given when the members will be hospitalised - or unable to return to work, for a period of six months or more.
  2. An up-to-date medical certificate or doctors letter must be provided, indicating as far as possible how long the member will be away from work.
  3. Any arrangements must be renewed annually and be supported by a medical certificate.
  4. Subscriptions can be reduced or waived for up to two years and in cases of long-term illness members may be offered the Retired Members Scheme until they return to employment of two days (14 hours) or more a week.
  5. In cases of terminal illness all future subscriptions may be waived at the discretion of the ifs.

Hardship

  1. Consideration can be given in instances where members are experiencing difficulty in maintaining membership subscriptions due to financial hardship, even though they may be in either part time or full time employment and the member should advise all relevant details.
  2. Any arrangement must be renewed each year and supporting confirmation provided.
  3. Any arrangement is for a maximum of two years. However special circumstances (with supporting confirmation) can be considered.

View the Financial Assistance Application Form. All correspondence and supporting documents are treated in strict confidence.