Member in Retirement

You are eligible for MIR, if you are at least 62 years old as at 1 January of the year of renewal, and not gainfully employed.

Eligibility

 A Member in Retirement would be:

  • At least 62 years of age as at 1 January of the year of renewal;
  • Effectively retired; and
  • *Not gainfully employed

* "not gainfully employed" is defined as having an earned income of not more than S$36,000 per annum.

Benefits of MIR

  • Enjoy a concession on the annual membership fee (i.e. $50 before GST)
  • Continue to enjoy the existing members’ benefits and privileges
  • Get exemption on CPE requirements 

How to apply

To be eligible for MIR, a member must be at least 62 years old as at 1 January of the year of renewal, and not gainfully employed (an earned income* of not more than S$36,000 per annum).

*Earned income refers to:

Employment income including gross salary, bonus, allowances, commission, director’s fees or gratuity and net earnings from self-employment such as trade, business, profession or vocation.

Examples of Income that are not earned income:

Interest, dividend, rental, royalty, charges and estate/trust income.


Note:

Applications must be submitted on or before the subscription payment deadline on 31 January of the year of renewal. Otherwise, the application can be resubmitted at a later date and considered for next year’s renewal

For members who want to appeal for early reclassification to MIR, they may write in to the Member Services Centre at membership@isca.org.sg.


Steps

Log in to the ISCA eServices portal

Under "My Membership", click on "Applications"

Complete the declaration and confirmation

Attach your supporting documents

MIR Application will only be processed if application is duly completed submitted with supporting document

(i.e. CPF statement and/or income tax statement or equivalent for the past 1 year.)

Submit the application


FAQs

In support of the government’s efforts to encourage employees to work beyond the statutory retirement age of 62, the MIR age and income ceiling criteria have been raised from age 55 to 62 and S$24,000 to S$36,000 per annum respectively. The Institute understands that some retired members may wish to continue with part-time employment, hence the increase in the income ceiling will allow more members who meet the age criteria to apply as MIR. This change will be effective from 1 January 2015 and will apply to new MIR applications received on or after 1 January 2015. Existing MIR will not be affected by the change.
The new criteria for MIR, i.e. 62 years old and earning an income of not more than S$36,000 per annum, will be applicable for new applications received on or after 1 January 2015. Existing MIR will not be affected by the change, provided they continue to meet either the previous criteria or the new criteria when they reach 62 years of age.  
A member needs to be at least 62 years of age as at 1 January of the year of renewal in order to be eligible to apply as MIR. If you are 62 years old in April 2021, you will be eligible to apply for MIR during the 2022's renewal.  
Applications for MIR has to be submitted on or before the payment deadline of 31 January of the year of renewal. Otherwise, the application can be resubmitted at a later date and considered for the next year’s renewal.