Singapore legislation
Regulation 7
Regulation 7
Fees charged on income arising from investments
Subregulation 1
There shall be paid to the Public Trustee, upon receipt of income arising from investments made by the Public Trustee out of the trust property, a fee charged on the amount received at the applicable rates set out below —
for the first $1,000 — 5.50%;
for the next $1,000 — 4.50%;
for the next $1,000 — 3.50%; and
for amounts in excess of $3,000 — 2.25%.
Subregulation 2
If at any time after the receipt of such income referred to in paragraph (1), any additional income is received by the trust from investments made out of the trust property comprised in the same trust, there shall be paid to the Public Trustee in respect of the additional income a further fee as would raise the total fees to the amount which would have been payable on the aggregate of the income received in respect of the investments made out of the trust property comprised in that same trust.