New Application Rates
All new membership applications, with the exception of Student applications, are payable on a
depending on the time of year that the application is made.
ACSI / Affiliates - £156.00 (+ £33 joining
Your membership will run until 31 March 2024
MCSI - £226.00 (+ £55 joining fee)
Your membership will run until 31 March 2024
There is an additional £64.00 fee for MCSI members who would like to apply for the CERTIFIED
professional designation. There is no direct route into Fellowship and these
apply to those that have not been a member within the last three years (except students). All new
are required to complete and pass an integrity test prior to joining the Institute, or within the first
months of association with the CISI. Find out more
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
View the New Application tab for summary of pro-rata fees.
|Current grade of membership
|New grade of membership
|| Chartered MCSI
* Affiliate members who have obtained a CISI level 3 or 4 qualification, or an external qualification
qualifies them for Associate membership can apply to upgrade their membership. The fee will include the
fee plus the difference between the membership subscription fees. No pro-rata fees apply.
** Existing Associate and Affiliate members who have obtained a CISI level 6 or 7 qualification, or an
qualification that qualifies them for full membership can apply to upgrade their membership. The fee
include the upgrade fee plus the difference between the membership subscription fees. No pro-rata fees
Membership Renewals 2023-2024
|Chartered FCSI / FCSI +
|Chartered MCSI / MCSI +
The CISI is a HMRC approved professional organisation, so Membership fees qualify for a Tax reduction
and can be included in your annual tax return
as an allowable expense. Please note your firm will be entitled to show this as an allowable expense if
they pay your membership fee for you.
Please note you cannot claim tax back on fees on subscriptions for:
- Life time membership subscriptions
- Fees or subscriptions you have not paid yourself
- Fellows, Chartered Fellows and Chartered Members of the Institute
who do not
renew their membership, will only be able to reinstate as a MCSI should they wish to reinstate their
in the future.
+ There is an additional £64.00 fee for Members who currently hold the CERTIFIED FINANCIAL
* Concessionary Rates - 50% reduction on the Standard Rate for members who are retired, unemployed or on
maternity leave. Please email firstname.lastname@example.org
to claim concessionary rates.
Reinstatement Adminstration Fee - Payment of overdue renewal subscription may incur an additional
reinstatement administration fee of up to £50.
Members whose subscriptions have lapsed will be able to reinstate their current year's membership at
of the full annual fee for that membership year plus a £55 administration fee. Members can
their membership within three years of it lapsing, after that, they will need to re-apply for
Fellow, Chartered Fellows and Chartered Members of the Institute who do not renew their
need to note, that should they wish to reinstate their membership in the future, they will only
be able to
reinstate as a MCSI.
|Reinstatement at grade
The CISI offers a range of concessionary fees for new members and members renewing their annual
available to any non-Student member who, at the time of renewal, is either;
- On maternity leave
The concessionary rate is 50% of the full annual subscription. *The CISI has a strict definition for
"unemployed" and "retired". Anyone who is receiving income may not claim a retired or unemployed
concessionary fee. Please email email@example.com to claim concessionary rates. Please note
concessions are not offered for members upgrading or reinstating their membership.
Life Time Membership Option - Retired Members Only
The CISI has a lifetime membership option for retired members. Any retired (non-Student) member will
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
As the CISI is a professional body and membership is relevant to the job you do, membership and
qualify for tax relief.
Therefore you can include this on your annual tax return as an allowable expense and this will reduce
final tax bill by a percentage of the fee. If your employer pays your fees then they would be
show this as an allowable expense, but then you cannot also claim the cost on your own tax
The Chartered Institute for Securities & Investment is listed on HMRC Approved professional
organisations and learned societies list as Securities and Investment Chartered Institute for
(formerly the Institute for Securities and Investment).
|Member - if paid for at application.
Due to a recent change in interpretation of guidance on VAT from HRMC, we are no longer
charge VAT on SPS fees
|Member - paying for SPS at application.