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What is this blog about?
In this week’s blog, we summarise the key changes to RICS professional fees in 2025.
There has been controversy over the changes within the surveying industry, so keep an eye out for any reaction and further changes by RICS in the coming months.
Why were the changes made?
RICS professional fees have also been frozen for the past 5 years. As such, they have announced that;
’We recognise the economic hardships that many members and firms have faced in recent years and so, for the last five years, we have not increased subscriptions fees; instead absorbing the impact of rising business costs and inflation equivalent to 25%. Unfortunately, despite carrying out cost savings and cash management initiatives totalling £4.9m, freezing subscriptions is no longer sustainable’.
RICS also confirm that they want to ensure global consistency and fairness in professional fees, particularly in the wider context of foreign exchange rates and affordability. The new structure is, therefore, benchmarked to the UK GBP MRICS professional fee rate.
RICS also state that they have reflected the benefits available to different grades of member in their new fee structure.
The new fee framework will be implemented over a 5 year transitional period, with the transition being accelerated in the countries most affected by volatility.
So, what has changed?
RICS has implemented a 3.5% baseline increase in fees. You can check your own fees payable on the RICS website.
A summary of the headline UK fees is set out below:
FRICS - £681
MRICS - £558
MRICS (under 2y qualified) - £462
AssocRICS - £331
APC candidate - £167
AssocRICS candidate - £130
What about concessions?
This is probably the most controversial part of the revised professional fees.
RICS now band concessions into three categories;
‘20% concessions, dual concessions (where members have membership with other RICS recognised professional bodies)
50% concession, not practising (due to being unemployed for >6 months, family-raising, ill health or movement to another sector such as academia)
90% concessions, retired or no longer working for remuneration’.
The key omission from the new concession categories is the part-time working concession, which previously had a 50% rate applied to professional fees. This supported a variety of professionals who are unable or have chosen to work part-time, including women returning to work after maternity leave and all professionals taking on child care responsibilities that require part-time working.
RICS consider that the not practising 50% concession is adequate, but it unfairly penalises women returning to work, in particular.
Women in Surveying conducted a poll via LinkedIn, showing that out of 686 votes, 97% of respondents consider that RICS should reconsider its changes to membership concessions.
This suggests that the industry thinks that the changes are just not fair!
Do you think it’s fair to pay 100% fees if you are only able to work part-time?
Contribute to the discussion by emailing RICS directly, or by contributing to the LinkedIn post above.
I pay my own fees, are they tax deductible?
Yes – speak to an accountant if you are concerned about how to account for these.
How do I renew my professional membership?
Sometimes the RICS website can be difficult to navigate.
Use this helpful guide published by RICS to help navigate your renewal.
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Stay tuned for our next blog post to help build a better you.
N.b. Nothing in this article constitutes legal, professional or financial advice.