What is my current fee for the year?
Your professional fee is calculated based on your status, including the country in which you practise, your grade and any personal circumstances on 1 January each year.
You might be eligible for a concession if your personal circumstances change.
Find the ongoing annual subscription fees for your location
When are my fees due?
Your professional fees become due on 1 January each year.
RICS operates a 30 day payment term. As such your annual fee becomes overdue on 31st January each year if it is unpaid.
Professionals who do not currently pay by Direct Debit will receive a renewal notification in November and will be asked to make payment by the 31st January.
Professionals who pay by Direct Debit (UK only) will have their renewal fees debited from their nominated account on or just after 1 January each year.
How can I pay?
You can renew by credit/debit card, our online service allows you to pay 24 hours a day, seven days a week.
Further information on alternative payment methods
Can I pay by cheque?
We no longer accept payments by cheque for professional fees. Any cheques received will be returned to sender.
Can I pay by bank transfer?
To pay for your professional fees via bank transfer, simply login to your RICS online account and select Professional Fees from the menu on the left-hand side. Within the payment methods tab of the professional fees portal, you can select Bank Transfer as your preferred payment method. You will be presented with our bank details to arrange your payment.
Failure to make a bank transfer following acceptance of your renewal, or using an incorrect reference on your payment, will result in reminder notices being issued, and may impact your professional status.
Payments that cannot be identified will be returned to the issuing bank account.
Please remember you must use your 7-digit RICS Membership number as your payment reference.
How can I get my quote or invoice?
A copy of your quote will be available to download prior to payment via your online RICS account. If you commit to pay your professional fees by Direct Debit or BACS transfer, a copy of your invoice will be available to download from the ‘Invoices & Payments’ section of your online RICS account.
You can now add an additional address to your invoice under the ‘My details’ section of the professional renewal journey, simply select Yes to Add An Additional Address To Your Invoice.
How can I get my receipt?
Once full payment has been received, a copy of your receipt will be available within 24 hours to download from the ‘Invoices & Payments’ section of your online RICS account.
Can I have a VAT receipt for my annual renewal payment? (UK only)
The supply of professional fees is exempt from VAT under Article 132(1)(i) Directive 2006/11/EC.
RICS is an organisation which is approved by HM Revenue and Customs. You may be able to reduce your tax bill by getting tax relief on any professional fees that you pay. See further information.
Any donation to Lionheart is outside the scope of VAT on the basis that it is a donation to a charity which is independent of RICS.
What happens if my company forgets to pay my RICS fees on my behalf?
Each RICS professional is personally responsible for making sure their renewal is paid every year. We do not chase employers for payment and your status may be cancelled if payment is not received, even if it is part of your contract of employment that your company will pay your fees.
If you receive a renewal notice or a reminder then you must assume that the payment has not been made and is not going to be made. Under these circumstances you should pay your fees as quickly as possible to avoid putting your status at risk. The quickest and easiest way to do this is to visit the secure online payment system.
What happens if I am late paying my fees?
Every year notifications are sent out in November to allow time to arrange payment prior to the fee becoming due on January 1.
RICS operates a 30 day payment term and as such your annual fee becomes overdue on 31 January every year.
If fees remain outstanding after this date then we reserve the right to enforce the below.
R4.4 Failure to pay
Where a member fails to pay any fees, subscriptions, levies or other sums by the due date, the Chief Executive may:
- Impose a fee for late payment;
- Enter into a written agreement with the member for payment by instalments or by a specified date and/or
- With approval of the Management Board in a case of exceptional hardship, grant a discount (up to a maximum of 100%) in respect of any fee, subscription, levy or other sum.
R4.4.2 Where a member does not comply with any requirement placed upon him under R4.4.1 and with approval in advance of the Management Board, the Chief Executive may:
- Pursue court action for payment of sums owed to RICS; and/or
- Remove the member from membership of RICS
What happens if I am removed from RICS?
If you are removed from the RICS you are no longer considered a professional member and your details would be removed from the profession’s register.
You would no longer be entitled to use any RICS designation and would not be permitted to use the RICS logo on any business stationery, use the designation ‘Chartered Surveyor’ or suggest any affiliation with RICS.
You would be informed to remove reference to these designations from all media (for example business literature, marketing, website, social media, letterhead, stationery, signage etc). The RICS carries out checks to ensure that this has taken place and would take appropriate action if this has not been done.
If you wished to reinstate your RICS status you would be required to undertake a formal readmission. This would involve completion of application forms and a series of checks by our compliance and conduct teams which may take 4-6 weeks to process. This process would require payment of the outstanding renewal fees (in full) as well as any other fee or levy imposed to cover the costs of reinstating.
