IFoA exam fees from 1 July 2026

Rate
IFoA membership

4 exam sittings

£1,354

  • CB1£302
  • CB2£302
  • CM1£375
  • CS1£375

Your result

£1,354. CB1 £302, CB2 £302, CM1 £375, CS1 £375.

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From 1 July 2026 the IFoA charges £302 for CB1 or CB2, £375 for each CM or CS subject and £786 for CP1, or £197, £244 and £511 at the reduced rate.

Questions people ask

How much is the IFoA CB1 exam fee?

£302 at the full rate and £197 at the reduced rate, for sittings after 1 July 2026. CB2 costs the same.

How much is an IFoA exemption?

£248 a subject for CB1, CB2, CB3 and the CM and CS subjects at the full rate, or £161 at the reduced rate. CP1 costs £635, CP2 £478 and CP3 £350.

Who pays the IFoA reduced rate?

Members who paid the reduced membership subscription, which is for incomes under £9,400 a year. The reduced exam fees then apply automatically.

Keep going

How we work this out

What it does

Pick the exams you will sit and any exemptions, then your rate.

IFoA exam and exemption fees for exams sat and exemptions granted after 1 July 2026, at the full and reduced rates.

Method

  1. Each exam you sit is charged once for each sitting, at the IFoA's fee for that subject and rate.
  2. An exemption is charged at the IFoA's exemption fee for that subject, in place of sitting it.
  3. Non-members sitting CM1 or CS1 pay the IFoA's non-member fee for those two subjects.