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.

New Application Rates

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.

ACSI / Affiliates - £81.00  (+ £33 joining fee)
Your membership will run until 31 March 2025
MCSI / Chartered MCSI - £117.50 (+ £55 joining fee)
Your membership will run until 31 March 2025

There is an additional £66.00 fee for MCSI members who would like to apply for the CERTIFIED FINANCIAL PLANNERTM professional designation. There is no direct route into Fellowship and these rates apply to those that have not been a member within the last three years (except students). 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 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.

Current grade of membership
New grade of membership
Upgrade cost
Affiliate * ACSI £55.00
Affiliate ** MCSI £128.00
ACSI ** MCSI £128.00
ACSI Chartered MCSI £128.00
MCSI Chartered MCSI £55.00
MCSI Chartered FCSI £80.00
Chartered MCSI Chartered FCSI £80.00
FCSI Chartered FCSI £55.00

* 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 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 external qualification that qualifies them for full membership can apply to upgrade their membership. The fee will include the upgrade fee plus the difference between the membership subscription fees. No pro-rata fees apply.
 

Membership Renewals 2024-2025

Grade
Membership fee
Concessionary rate
Chartered FCSI / FCSI + £260.00 £130.00
Chartered MCSI / MCSI + £235.00 £117.50
ACSI £162.00 £81.00
Affiliate £162.00 £81.00

Tax Reductions
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

Please note
 - 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 membership in the future.

+ There is an additional £66.00 fee for Members who currently hold the CERTIFIED FINANCIAL PLANNERTM professional designation.

* Concessionary Rates - 50% reduction on the Standard Rate for members who are retired, unemployed or on maternity leave. Please email yourmembership@cisi.org to claim concessionary rates.

Reinstatement Adminstration Fee - Payment of overdue renewal subscription may incur an additional reinstatement administration fee of up to £50.

Reinstatement

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 £55 administration fee. Members can reinstate their membership within three years of it lapsing, after that, they will need to re-apply for membership.

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.

Reinstatement at grade
Subscription fee
Administration fee
Total
ACSI £162.00 £55.00 £217.00
MCSI £235.00 £55.00 £290.00

Concessionary Fees

The CISI offers a range of concessionary fees for new members and 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 note concessions are not offered for members upgrading or reinstating their membership.

Membership Renewals – Please fill out the concessionary rates form to claim concessionary rates. If you have any questions regarding your concessionary discount for your renewal, please email yourmembership@cisi.org.

New members – Please email concessionarydiscount@cisi.org to claim concessionary rates before applying for new membership and provide proof of low income with one of the following documents:

  • P60 covering the previous tax year
  • Recent payslip from your employer dated within the last three months
  • Confirmation of registration from a school/college/university as a full-time student
  • Letter of confirmation of receipt of Universal Credit from the Department for Work and Pensions

International Applicants:
Individuals in low GDP countries are also eligible for a discount. Please email concessionarydiscount@cisi.org for further information.

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 your own tax return.

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).

SPS

New applications
Application Type Price
Member - if paid for at application.  £52


Renewal applications
Application Type Price
Member - paying for SPS at application. £39

Due to a recent change in interpretation of guidance on VAT from HRMC, we are no longer required to charge VAT on SPS fees