Firstly I wouldn't be paying $405 to renew, i'd be looking at either the AFF or another corporate program you might be eligible to join which will bring it down closer to $300ish.
With regard to the expiry date, you'll have to confirm with QF, but if you're joining as his partner, i'd assume they would prorate your membership for the first year to expire with his, though i'd check direct with QF to confirm that.
TG


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