Singapore legislation

Regulation 6

of Public Trustee (Fees) Rules 2010

Regulation 6

Fees charged for administration of trusts in general

Subregulation 1

There shall be paid to the Public Trustee, upon the acceptance by the Public Trustee of a trust under the Act or any other written law (other than a trust referred to in rule 4 or 5), a fee charged on the gross capital value of the trust property at the applicable rates set out below —

(a)

for the first $5,000 — 6.50%;

(b)

for the next $2,000 — 6.00%;

(c)

for the next $3,000 — 4.25%;

(d)

for the next $10,000 — 2.75%;

(e)

for the next $30,000 — 2.25%;

(f)

for the next $200,000 — 1.70%;

(g)

for the next $250,000 — 1.40%;

(h)

for the next $250,000 — 1.15%; and

(i)

for gross capital value in excess of $750,000 — 0.85%.

Subregulation 2

For the purpose of ascertaining the amount of any fee payable under this rule, the date of acceptance of a trust shall be taken to be either the date upon which the trust is actually accepted or such other date as the Public Trustee may determine in each particular case.

Subregulation 3

If at any time after the acceptance of a trust referred to in paragraph (1), any property (not being income arising from investments made by the Public Trustee out of the trust property) becomes subject to the trust, in addition to the property already comprised therein, there shall be paid to the Public Trustee in respect of the additional property a further fee as would raise the total fees to the amount which would have been payable on the aggregate of the trust property comprised in that trust.

Read in full context — Public Trustee (Fees) Rules 2010 →