Membership 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". Please note that payment by Direct Debit can be accepted only for renewals after at least one year as a member.
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 (25% off full price) is only offered to those members based in India, Sri Lanka and Pakistan
2013/14
| Grade |
UK and International Fees |
*Concessionary Rate |
| FCSI |
£195 |
£97.50 |
| MCSI |
£175 |
£87.50 |
| ACSI |
£125 |
£62.50 |
| Affiliate |
£120 |
£60.00 |
| Student |
£55 |
Not applicable |
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.
Late payment of Subscriptions - From July 2013, payment of overdue renewal subscription will incur an additional late payment 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.
2013/14
| Grade |
April to June |
July to Sept |
Oct to Dec |
Jan to March |
Joining Fee |
| MCSI |
£175 |
£131.25 |
£87.50 |
£218.75 |
£50 |
| ACSI |
£125 |
£93.75 |
£62.50 |
£156.25 |
£25 |
| Affiliate |
£120 |
£90 |
£60 |
£150 |
£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 MembersStudent 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.
If you have recently sat one of the CISI level 3/4 qualifications and are applying for Associate membership you can
apply online.
Affiliates Affiliate members who have obtained a CISI level 3 or 4 qualification, or an
external qualification that qualifies then 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/AssociatesExisting Associate and Affiliate members who have obtained a CISI level 6 or 7 qualification, or an
external qualification that qualifies then 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.
2013/14
| Upgrades |
Difference |
Upgrade Fee |
Total |
| Affiliate to ACSI |
£5 |
£50 |
£55 |
| Affiliate to MCSI |
£55 |
£50 |
£105 |
| ACSI to MCSI |
£50 |
£50 |
£100 |
Reinstatement Fees
2013/14
| Reinstatements |
Subscription |
Administration Fee |
Total |
| ACSI |
£125 |
£25 |
£150 |
| MCSI |
£175 |
£25 |
£200 |
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
2013/14
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 |
£75.00 |
| MCSI |
Chartered MCSI |
£30.00 |
| MCSI |
Chartered FCSI |
£50.00 |
| Chartered MCSI |
Chartered FCSI |
£50.00 |
| FCSI |
Chartered FCSI |
£30.00 |
Concessionary FeesThe 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 ReliefAs 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 £195 subscription will reduce your tax bill by 40% or £78 (plus any additional NHI Reduction) so the net cost to you would be only £117.