PSI registration fee changes – fee increases are effective from 1 May 2026

The fees that the PSI charges for registration and related applications are changing. An increase in our fees will apply from 1 May 2026. 

Funding Review 

In 2025, the PSI commissioned an independent review of our funding model. This review was carried out by Forvis Mazars to support the Council of the PSI in its role to ensure the continued effective delivery of our statutory responsibilities ‒ the range of functions that assure public confidence and trust in the standard of services provided by those we regulate.

A key objective of the Core Funding Review was to ensure that the PSI’s fee model operates on a cost recovery basis. This approach is consistent with recognised best practice for regulatory bodies, where there is limited receipt of Exchequer funding. The review recommended an increase in registration-related fees in order that the PSI can continue to meet its legal obligations now and into the future. These fees are the PSI’s primary funding source and have not increased since the current fee model was introduced 17 years ago. 

Following consideration of the report and its recommendations, the PSI Council proposed the fee increases and a public consultation was held from 30 October to 27 November 2025 in relation to changing the statutory Fees Rules.

• Read the public consultation report with a summary of consultation feedback and our responses to the topics and questions raised.
• Read the Core Funding Review report 

New Registration Fees 

In recognition of the significance of this change, the PSI Council decided to implement the overall fee increase on a phased basis over three years. These fees must be set out in statutory fees rules, and the new rules have been signed into law on 20 April 2026 and will come into operation on 1 May 2026.  

See the list of fees for all registration processes for 2026, 2027 and 2028.  

The new fees will apply to all registration applications received from 1 May 2026. 

The fee increase applies to new registration applications, annual continued registration, applications for the internet supply list, and other related fees. There is no increase to the fees for the Third Country Qualification Recognition process, as fees were reset for that route in 2025. The PSI's registration function is a significant and core responsibility of our role as pharmacy regulator. 

Meeting the Cost of Regulation and Regulatory Oversight 

We recognise that any fee increase is never welcome; however, it is the primary responsibility of the PSI to ensure we uphold our public protection responsibilities, supporting those we regulate to deliver safe patient care and services to the public. This includes the Council's responsibility to ensure the organisation’s financial stability and sustainability so that it can continue to carry out its statutory functions effectively. Levying the overall fee increase on a phased basis, from 2026 to 2028, recognises the scale of change being implemented and seeks to mitigate its impact by spreading the increase over time.  

The fees that are paid to the PSI cover the cost of our regulatory obligations, day-to-day operations, and achievement of our strategic objectives. The PSI has experienced a rise in regulatory activity, reflecting growing demands across our core functions. The Council decision on the fee increase is based on the costs of delivering the regulatory framework we uphold in the interest of patients and members of the public, which must be sustainable. We continuously consider ways to manage and reduce our costs, ensure value for money and introduce efficiencies in our work

Our Governance and Reporting

We aim to be transparent about how we carry out our work. We publish:

• our Service Plan with summary budget each year
• report on our regulatory and financial activities in our Annual Report and financial statements
• regularly publish the decisions of the PSI Council and its Advisory Committees. 

For any queries, please contact us by email to info@psi.ie.