Summary of 'Fines'
Admission to the Company as a Freeman incurs a one-off 'Fine’ which comprises of fees for the admission to the Company and election to the Livery.
Admission to the Company as a Freeman incurs a one off 'Fine’ which comprises of fees for the admission to the Company. The amount depends upon age. Student members pay a joining fine of £25 and are then exempt from Quarterage and Charitable Trust contributions.
Quarterage, that is the annual subscription, is normally paid monthly by Direct Debit with a bank or building society and is separate to the single one off 'Fine'.
The rates are decided by the Court of the Company (the body responsible for deciding Company policy). These rates were last reviewed and set in April 2023 and are as follows:
PLEASE IGNORE THE REFERENCE TO GIFT AID AS THIS IS NOT APPLICABLE TO THIS PAYMENT.
Age | Payment |
---|---|
Student | £25 - pay fine |
Up to 40 & 75 and over | £100 - pay fine |
40-75 | £500 - pay fine |