Trust Fees and Charges
When the NSW Trustee and Guardian (formerly Public Trustee NSW) administers an estate which includes an ongoing trust, there is no charge to set up the trust.
In setting up a new trust, a once only capital commission is charged in accordance with the following table:
|
Value of Assets
|
% Fee Payable
(inclusive of GST)
|
|
Up to $100,000
|
4.4
|
|
From $100,001 to $200,000
|
3.3
|
|
From $200,001 to $300,000
|
2.2
|
|
$300,000 and above
|
1.1
|
Ongoing Trust administration costs include:
An account keeping fee of $11.00 (inclusive GST) per month is charged for the ongoing maintenance of the trust fund. For the investigation and lodgement of tax returns a minimum fee of $220 (inclusive GST) up to one hour applies, plus a maximum $165 (inclusive GST) per hour for extra hours required. Our Investment Planning Fee is $165 (inclusive GST) per hour. Commission of 5.775% is charged on income earned by the trust. At the current interest rate of 6.50% paid on trust funds managed by the NSW Trustee and Guardian, this provides a net interest return of 6.13%.
A long term trust fee comes into effect where a trust exceeds 2 years - please refer to the Facts on Fees brochure in Our Fees.