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, and election to the Livery following the obtaining of the Freedom of the City of London. The amount depends upon age. Student members pay a single 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 on 26th April 2022 and are as follows.
|Age*||Admission Fine to join as |
Freeman of the Company
|Student||£25 - pay fine|
|Up to 40||£100 - pay fine|
|40-75||£500 - pay fine|
|75 & over||£100 - pay fine|