membershipMembership Fees

Please find below the fee structure for membership. Joining and subscription fees for the first year are payable at the time of application. Thereafter, renewal payments are due on 1 April annually.

Cheques should be made payable to the Chartered Institute for Securities & Investment Ltd and crossed "a/c Payee only".

The joining fee and subscriptions are EXEMPT FROM VAT and are allowed by the Inland Revenue in the UK for Tax Relief on fees and subscriptions.


Rates and Fees

Renewal Fees

The CISI has a wide range of online services so the international rate is the same as the UK rate. A discount of 25% off full price is only offered to those members based in India, Sri Lanka, Pakistan, China, Malaysia and a discount of 50% off full price is only offered to those members based in Thailand, Vietnam, Philippines, Indonesia and Myanmar.

2015/16

Grade UK and International Fees *Concessionary Rate
FCSI £200  £100.00 
MCSI £180 £90.00
ACSI £130 £65.00
Affiliate £130 £65.00 
Student £55  Not applicable

Direct Debit

The Direct Debit payment facility for 2015 CISI membership renewals is now closed. The 2016/17 Direct Debit mandate form will be added here in due course. Meanwhile, for any Direct Debit enquiries please email: billing@cisi.org


Please note Fellow, Chartered Fellows and Chartered Members of the Institute who do not renew their membership, will need to note, that should they wish to reinstate their membership in the future, they will only be able to reinstate as a MCSI.

*
Concessionary Rates - 50% reduction on the Standard Rate for members who are Retired, Unemployed or On Maternity Leave. Please email billing@cisi.org to claim concessionary rates. 

Reinstatement Adminstration FeeFrom 31 July 2015, payment of overdue renewal subscription may incur an additional reinstatement administration fee of £25.

  
     
New Application Rates for UK and International Fees

All new membership applications, with the exception of Student applications, are payable on a pro-rata basis, depending on the time of year that the application is made. Please see below for details of the current pro-rata rates for all grades. Please note there is no direct route into Fellowship. 


2015/16

Grade April to June July to Sept Oct to Dec Jan to March Joining Fee
MCSI £180 £135.00 £90.00 £225.00 £50
ACSI £130 £97.50 £65.00 £162.50 £25
Affiliate £130 £97.50 £65.00 £162.50 £25
Student £55 £55 £55 £55 none
Duration 12 months 9 months 6 months 15 months  


All new members are required to complete and pass an integrity test prior to joining the Institute, or within the first three months of association with the CISI. Find out more
Membership Upgrades

 
Student Members

Student members upgrading to Associate (ACSI) or Full (MCSI) will need to complete a new membership application form. The fees will include the joining fee plus the subscription fee.  Pro-rata fees will apply. View the New Application tab for summary of pro-rata fees.

Affiliates

Affiliate members who have obtained a CISI level 3 or 4 qualification, or an external qualification that qualifies them for Associate membership can apply to upgrade their membership. The fee will include the upgrade fee of £50 plus the difference between the membership subscription fees. No pro-rata fees apply.


Affiliates/Associates

Existing Associate and Affiliate members who have obtained a CISI level 6 or 7 qualification, or an external qualification that qualifies them for full membership can apply to upgrade their membership. The fee will include the upgrade fee of £50 plus the difference between the membership subscription fees. No pro-rata fees apply. 

2015/16
Upgrades Difference Upgrade Fee Total
Affiliate to ACSI £0 £50 £50
Affiliate to MCSI £50 £50 £100
ACSI to MCSI £50 £50 £100
Reinstatement Fees

2015/16

Reinstatements Subscription Administration Fee Total
ACSI  £130  £25  £155
MCSI  £180  £25  £205

Members whose subscriptions have lapsed will be able to reinstate their current year's membership at the cost of the full annual fee for that membership year plus a £25 administration fee. Members can reinstate their membership within three years of it lapsing, after that, they will need to re-apply for membership.

Please note Fellow, Chartered Fellows and Chartered Members of the Institute who do not renew their membership, will need to note, that should they wish to reinstate their membership in the future, they will only be able to reinstate as a MCSI.
Individually Chartered Upgrade Fees

2015/16

Achieving Chartered status is the pinnicle of CISI membership. To do so, members must meet the criteria set by the Board which includes successfully logging CPD on the CISI CPD scheme and passing the IntegrityMatters test. Find more about Individual Charter.

 Current Grade of Membership  Grade of Chartership  Upgrade Cost 
 ACSI  Chartered MCSI   £80.00 
 MCSI  Chartered MCSI   £30.00 
 MCSI   Chartered FCSI   £50.00 
 Chartered MCSI   Chartered FCSI   £50.00 
 FCSI   Chartered FCSI   £30.00 
Concessionary Fees

The CISI offers a range of concessionary fees for members renewing their annual subscriptions. These are available to any non-Student member who, at the time of renewal, is either;
  • On maternity leave 
  • Unemployed* 
  • Retired*

The concessionary rate is 50% of the full annual subscription. *The CISI has a strict definition for both "unemployed" and "retired". Anyone who is receiving income may not claim a retired or unemployed concessionary fee. Please email billing@cisi.org to claim concessionary rates.

A concessionary fee is available for people on low income. This fee is only available for the Affiliate membership grade. The definition of a person on low income is a person, or their partner, receiving either;

  • Income Support 
  • Income-based Jobseeker's Allowance 
  • Pension Credit / Guarantee Credit

To apply for concessionary Affiliate membership, candidates have to complete the application form and return it with one proof of identity and one proof of entitlement to us.
  
Life Time Membership Option - Retired Members Only   

The CISI has a lifetime membership option for retired members. Any retired (non-Student) member will now have the option of making a one-off payment to obtain life-long membership of the CISI. The fee has been set at 10 times the concessionary rate (or five times the full rate) for that category. For more information please contact us


Tax Relief

As the CISI is a professional body and membership is relevant to the job you do, membership and joining fees qualify for tax relief.

Therefore you can include this on your annual tax return as an allowable expense and this will reduce your final tax bill by a percentage of the fee. If your employer pays your fees then they would be entitled to show this as an allowable expense, but then you cannot also claim the cost on you own tax return.  

For example:  If you are a higher rate tax payer and a Fellow of the Institute then your £200 subscription will reduce your tax bill by 40% or £80 (plus any additional NHI Reduction) so the net cost to you would be only £120.