Why do I need a STEP qualification?
A STEP qualification is an academic and professional qualification recognised by the industry. A person who passes the STEP Diploma for Accountants and Tax Practitioners (Trusts and Estates) will be eligible to apply to upgrade to full membership of STEP, which provides enhanced career opportunities. Full members are entitled to use the letters TEP (Trust and Estate Practitioner) after their name and are the most experienced and senior practitioners in the field of trusts and estates. Also, many jurisdictions require or encourage STEP membership.
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At what stage in my career should I take the exams?
The STEP Diploma for Accountants and Tax Practitioners (Trusts and Estates) is for qualified accountants and tax practitioners who are keen to supplement their existing knowledge and qualifications with a specialist private client qualification. For the purposes of the final examination, applicants will be expected to have knowledge and understanding of trust and estate taxation, and trust and estate accounting at STEP Diploma level. Course materials on these topics will be provided for revision purposes.
If you do not feel that this qualification is for you, an alternative is the STEP Foundation Certificate and Diploma in Trusts and Estates (England & Wales).
The STEP Foundation Certificate is targeted towards those with little or no experience of trusts and estates, whereas the STEP Diploma is suitable for candidates who have a greater understanding of trusts and estates. Click here for a list of all STEP Certificates and Diplomas available
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What are my long-term career prospects?
The fact that you have completed a STEP qualification shows a knowledge and understanding of trusts and estates that will be converted into a practical, applied competence.
Full STEP membership entitles you to use the letters TEP (Trust and Estate Practitioner) after your name. This will enhance your professional credentials, as members of STEP are the most experienced and senior practitioners in the field of trusts and estates and are recognised as the experts to whom others turn to for good quality advice.
The TEP designation and specialist qualifications also offer market advantage, transferable experience and a salary premium.
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Will I have flexibility in my career?
Yes, the qualification covers a number of different topics (click here for details of the key areas covered), which allows you to have a more rounded understanding of the field of trusts and estates.
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What opportunities for professional development are there?
It is compulsory for STEP members to continue their professional development in order to ensure that they maintain a high standard of professional practice and so protect the interests of their clients and the Society. In order to help maintain this high standard, the Society has comprehensive CPD schemes for members in England and Wales, Scotland and those working in the "low tax" jurisdictions.
Visit www.step.org/cpd
to learn more about the specific educational programmes provided.
STEP also hold various conferences and events which provide structured training. For full details visit www.step.org/conferences.
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Why become a TEP?
See STEP`s brochure on becoming a TEP
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