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| Membership |
Membership Subscriptions
Institute membership subscriptions fall due for renewal on 1st July annually and current rates are highlighted in the following table. In addition, subscription levels for 2008/09, which were approved at the Annual General Meeting in June 2007, are included for information purposes.
Year |
Fellow |
Member |
Associate |
Student/Affiliate |
Retired |
1997/98 |
80.00 | 40.00 |
40.00 |
20.00 |
10.00 |
1998/99 |
100.00 |
50.00 |
45.00 |
25.00 |
15.00 |
1999/00 |
100.00 |
50.00 |
45.00 |
25.00 |
15.00 |
2000/01 |
115.00 |
57.50 |
50.00 |
30.00 |
20.00 |
2001/02 |
120.00 |
60.00 |
52.00 |
32.00 |
20.00 |
2002/03 |
128.00 |
64.00 |
56.00 |
36.00 |
24.00 |
2003/04 |
132.00 |
68.00 |
60.00 |
40.00 |
24.00 |
2004/05 |
136.00 |
72.00 |
64.00 |
44.00 |
26.00 |
2005/06 |
140.00 |
76.00 |
66.00 |
46.00 |
26.00 |
2006/07 |
144.00 |
80.00 |
70.00 |
50.00 |
26.00 |
2007/08 |
150.00 |
90.00 |
74.00 |
50.00 |
26.00 |
2008/09 |
155.00 |
94.00 |
78.00 |
52.00 |
28.00 |
Subscriptions apply to all or part of a year and members joining or being reinstated during a membership year are asked to pay the full subscription for that year, with renewal being required again in the following July. Under current arrangements, new members who join in the final quarter of the membership year (i.e. between 1st April and 30th June) will be asked to pay the following year's subscription rate with renewal not being required until July of the following year.
Ongoing payment of subscriptions is required to maintain eligibility to use the designatory letters appropriate to your grade of membership, or to continue with your studies. The preferred method of payment is by Direct Debit but you may also pay subscriptions by cheque or by credit/debit card, either by telephone or online via the Members' Area of this website.
Although liability for Income Tax is a matter for negotiation between individuals and their respective Tax Authorities, the opportunity is taken to remind members that Institute subscriptions may be allowable as a deductible expense. Details of subscription levels applicable in the previous six years are given in the attached table and members may find this information useful when making Income Tax claims. Some employers have introduced arrangements whereby they will reimburse Institute subscriptions to individual members who meet certain criteria, e.g. to those who achieve and maintain Chartered Banker status. Members should refer to the appropriate department or area within their own organisation to ascertain if any reimbursement arrangements are currently in force and, of course, if an employer does reimburse a subscription, individual tax relief should not be claimed.
