All firms who apply to become a SELECT Member are required to submit an application fee of £300 (plus VAT) with their initial application.

When a firm meets the Membership criteria, they will be issued with an invoice for the current subscription year on a pro-rata basis. Thereafter a Membership Subscription plus a levy on turnover as noted below will be paid on an annual basis from the 1st of January each year.

Turnover Levy 2016

Subject to a minimum turnover levy of £290 + VAT

0.2450% on first £500,000
0.1250% on next £1,000,000
0.0250% on next £5,000,000
0.0120% on next £43,500,000

 

The Membership rates, which are approved at the Annual General Meeting of the Association, are as follows:

Membership Subscription 2016

Member (with the right to nominate one Principal Representative)£290 + VAT
For each additional or Associate Representative£150 + VAT

 

NOTE: MEMBERS CONTRIBUTING TO THE WELFARE BENEFIT SCHEME RECEIVE A 20% DISCOUNT ON THE COMBINED SUBSCRIPTION AND TURNOVER LEVY.

Any firm with a turnover of less than £107,000 per annum are required to pay the minimum subscription as per the examples below:

Members not contributing to the Welfare Benefit Scheme:

Subscription                                                           £290

Turnover levy @ 0.2450%                                      £290

£580 plus VAT  (£696 including 20% VAT)

 

Members who contribute to the Welfare Benefit Scheme:

Subscription                                                             £290

Turnover levy @ 0.2450%                                        £290

20 % Discount for Welfare Benefit Participation       £116

£464 plus VAT  (£556.80 including 20% VAT)