The cost of firm recognition is calculated on your turnover, based on your last complete (12-month) accounting period prior to 1 November 2011 (defined as England and Wales gross fees) and the number of regulated individuals in your firm. An online calculator is available to provide an indication of the total fees and contributions payable.
A flat compensation fund fee of £1340 is payable if your firm holds client money.
Read more about the 2011/12 fee policy