Transition to retirement: 54 years and younger
If you are 54 years of age or younger but working part-time or no longer working you may be eligible for a reduction of your membership renewal fee.
This reduction is not applied automatically. You can apply by submitting an online application for reduction in membership renewal fee. You will need to select the reason for your request.
If your application is approved, you will retain all privileges of membership.
A reduction of hours for your CPD obligations may also be available. You can apply if you have taken leave from your professional duties. Total and partial reduction of hours may be granted.
You will only need to apply for a CPD reduction if you are selected as part of the CPD review.
Members on reduced fees are eligible for discounts on a range of events, products and activities. Additionally, there are many ways members can maintain their CPD hours at little or no cost. Find out how to boost your CPD.
Transition to retirement: 55 years and over
CPA Australia maintains a retired list for members who are no longer working or who are working less than 15 hours or two days per week. To be eligible a member must:
- have reached the age of 55 years
- no longer be engaged in full-time, gainful employment or business (other than minor part-time activities)
- no longer hold a specialist certificate
In order to be entered on the retired list, you will need to complete the online application for Transfer to the Retired Member List.
If you are on the retired list you can maintain all the benefits of membership at a considerably discounted fee. You also no longer have to maintain your CPD hours and you can access a range of discounts on events, products and activities throughout the year.
If you are working part-time but more than 15 hours or two days per week, you may still be eligible to apply for a reduction of your membership renewal fee.
Public practice requirements
If you provide public accounting services in Australia or New Zealand and hold a Limited Practice Certificate or a Public Practice Certificate you will need to ensure you continue to meet your obligations while transitioning to retirement.
The value of keeping your membership
Your CPA Australia membership will give you the opportunity to stay engaged with the profession and share your skills with others. You will continue to have access to a range of services, including:
You also have the opportunity to continue to develop and share your professional skills and life experience. You can:
THIRD AGE NETWORK (TAN)
This refers to the period after full-time employment, often called the age of active retirement. Some CPA Australia Divisions have established TAN committees. These committees seek to advance, represent and engage the interests of mature age members who desire to maintain their professional skills, continue lifelong learning, feel valued and connected and encouraged to give back their wealth of knowledge and experience to the profession, community and society.
Contact your nearest Division to find out more about TAN and engage with us.