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Post Info TOPIC: AAT MIP to IFA
matt123


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AAT MIP to IFA
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I am thinking of joining the IFA and wanted to know if I could get a practice certificate through them going from AAT MIP. Not sure if I will keep my AAT membership too though. It costs £150 admin fee to the IFA to tell me whether I could join as an MIP. Has anyone on here done a similar move?



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Matthew
abacus12345


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Hi Matt AFAIK AAT level 4 will get you AFA. I looked into IFA a while back. £150 is shocking, considering it's non refundable also.

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GordonB


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AFA is a Level 5 qualification, so I would be surprised if AAT MIP would give you a full exemption. You might get an AFTA practice certificate which is level 4.

Regards,

Gordon

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Cheshire


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I know MATT MIP who did it. Be warned - it could take quite a while (am talking months for the one I know to hear anything!!) and yes Ive heard its non refundable.

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 Joanne 

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Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position
abacus12345


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Hi Gordon - You are correct, although the AFTA is the tax advisor route. FAE is the financial accountant executive. (Level 4)

http://www.ifa.org.uk/learning/your-career/

 

Still extremely expensive if the answer is 'No entry'



-- Edited by abacus12345 on Friday 26th of February 2016 07:07:07 PM

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Johnny  - Owner of an overly-active keyboard. 

A man who can read, yet doesn't, is in no way wiser than a man who can't.

 
matt123


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I have found this

"AAT members may be eligible to join the IFA at membership level"

What is membership level?

The three levels I can find are FINANCIAL ACCOUNTING EXECUTIVE , ASSOCIATE and FELLOW. It looks like you need to be an associate to practice under IFA and to get to that level you need to complete their level 5 qualification. Surely AAT (Which is level 4) wouldn't get you to associate level?

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Matthew
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