4 – Your application fee and other costs


Our application fees range from £767 upwards and are based on:

  • your firm’s existing or projected turnover
  • the ownership structure of your firm, for example an alternative business structure
  • whether your firm holds client money

When your firm is authorised you will need to make a contribution to our compensation arrangements.

Other costs

Start thinking about what your Professional Indemnity Insurance premium might cost. Look at Stage 6 for help on getting your quote.

Think about any other major financial costs you might have.

Remember to reflect all these costs in your cashflow forecast.