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Fees & Charges

Our aim is to keep our fees and charges competitive and reasonable, while maintaining the highest level of service. Our charges are set out in the Public Trustee Act 1995 and the associated Regulations. The regulated fees are set annually by the Government of South Australia.

In addition to our own charges there may be additional charges for the services of third party providers engaged by us in the course of an administration, such as real estate agents, valuers, and/or property inspectors. For more information on the charges applicable please click on the relevant links below.

Please note that all fees are inclusive of GST unless otherwise stated.

We will make your Will free of charge when you have appointed us as executor.

Your Will can be revised or updated at any time by us at no cost.

We will also keep your Will in safe custody at no charge.

When you appoint us as executor of your Will, no charges will be incurred until after your death and we have commenced our duties as executor and have started to administer your estate.

Where you choose to appoint your partner or, in the absence of a partner one of your children, as your executor, there will be a fee to prepare your Will.  Public Trustee must be named as substitute executor (which means we will take up the role of executor if the person you originally chose is unwilling or unable to carry out their duties). The fee will be payable at the time of your appointment with us to make your Will.

Public Trustee Executor Will Free
Private Executor Will Single Will – $261.00
Couple – $418.00
$261.00 per hour for each additional hour (pro rata)

We will make your Power of Attorney free of charge where you appoint Public Trustee as your Attorney or where Public Trustee is the only Substitute Attorney after the appointment of a partner or, in the absence of a partner the appointment of one of your children.

Public Trustee as Attorney
(or first substitute)
Free

We can witness your Advance Care Directive form once it has been fully completed by you.

Witness Advance Care Directive Free

Information valid 1 July 2016 to 30 June 2017

We can administer your estate in accordance with the terms of your Will or, if you don’t have a Will, under the laws of intestacy. We can also manage Trusts where your assets are secured so that children or other named beneficiaries can receive those assets in the future.

We charge commissions and/or fees for administering deceased estates and trusts which are detailed below. We also assume financial and legal responsibility for assets that we are administering up until they are distributed to the beneficiaries named in your Will.

Capital Commission

Our charge to administer estates is a commission calculated on the gross capital value of the estate.

More simply put, this means we charge a percentage of the value of the estate’s assets, although some exclusions apply, such as:

  • Commission is not charged assets owned as joint tenants (home, motor vehicles, bank accounts)
  • Commission is only taken on half the value of a matrimonial home (where it is not held jointly) and effects when they are transferred to a spouse or sold on behalf of a spouse.
  • Commission is charged only on the deceased person’s share of a property owned as tenants in common.

The commission is charged at a reducing rate depending on the value of the estate. Select the row from the table below which is applicable to you based on the estimated Value of the Estate Assets that you own.

Please note that our capital commission is never greater than 4.4%.

Value of Estate Assets Commission Rate OR Commission ($) on estate value (includes GST)
Up to $200,000 4.4% 4.4 cents for every dollar up to $200,000 (maximum rate)
$200,001 – $400,000 3.3% $8,800 plus 3.3 cents for every dollar above $200,000 up to $400,000
$400,001 – $600,000 2.2% $15,400 plus 2.2 cents for every dollar above $400,000 up to $600,000
$600,001 + 1.1% $19,800 plus 1.1 cents for every dollar above $600,000

Click here to access the Commission Estimator.

Income Commission

Income commission is charged at 5.5% on all income received by the estate or trust except on monies received for rent. This may include income on investments or from a business.

Rental income commission is charged at 2.75% for the collection of rents managed by an external agent and 8.25% when we manage the collection of rents.

Administration and Audit Fee

An administration and audit fee is charged annually to each estate that we are actively administering.

$158.00 per annum

Taxation Fee

Taxation fees are charged for the investigation of taxation matters and for the preparation of tax returns for customers if needed. We can prepare individual tax returns up to date of death, and trust tax returns during the period of administration. Trusts tax returns are prepared annually as required.

The taxation fee shown is a maximum rate and lower fees are charged for simpler returns that do not require a full hour to complete. There is no charge to customers who do not require a tax return.

$214.00 up to one hour
$214.00 per hour for each additional hour (pro rata)

Fees charged by other organisations

Regardless of who administers a deceased estate there will be charges applied by other organisations who are involved in the process. For example, most estates are charged a Probate Application fee by the Supreme Court and there may also be a fee for advertising in the newspaper to call for any creditors who believe they have a claim against the estate.

Real Estate

Where an administration involves real estate we may engage real estate agents, valuers, property inspectors, lawyers, and / or conveyancers to assist in the administration of the estate or trust property. There will also be fees payable to the Lands Titles Office for registration and search fees. These third party fees and charges will be paid by the estate or trust.

Additional Public Trustee Fees that may be charged

The following additional fees may be charged to a personal estate under our administration:

Preparation of affidavits: $246.00 (maximum) per document
Preparation of deeds: $234.00 per document
Attendance at property: $160.00 per hour
Preparation of Inventory: $160.00 per hour
Next of kin search fee
(Where required to find beneficiaries who may be entitled to share in a deceased estate)
$162.00 up to one hour
$162.00 per hour for more than one hour (pro rata)

Information valid 1 July 2016 to 30 June 2017

We assume special responsibilities for people who are unable to manage their own financial or legal affairs due to accident, disease, illness, and/or disability. We charge commissions and fees for managing personal financial affairs on behalf of these people, which are detailed below.

Reductions

Commission and some fees may be waived or reduced for estates with minimal assets or in the case of financial hardship. To ensure customers with low value estates and trusts are not excessively burdened with commissions, fees, and/or charges that they cannot afford, we exercise discretionary powers under the Public Trustee Act 1995 to reduce or waive the charges for these estates. Estates and trusts with a value below a certain threshold (which is reviewed and fixed annually) are automatically provided a fee reduction.

Capital Commission

  • Capital commission is charged on assets such as bank accounts, shares, sale of property, valuables, and/or Court awarded monies when the proceeds of the asset are received by us.
  • Capital commission for assets not sold during the administration will be charged at the conclusion of the management of a SACAT administration order or Court protection order matter.
  • Commission is charged only on the protected person’s share of any property owned jointly or as tenants in common.

The commission is charged at a reducing rate depending on the value of the estate. Select the row from the table below which is applicable to you based on the estimated Value of the Estate Assets that you own.

Please note that our capital commission is never greater than 4.4%

Value of Estate Assets Commission Rate OR Commission ($) on estate value (includes GST)
Up to $200,000 4.4% 4.4 cents for every dollar up to $200,000 (maximum rate)
$200,001 – $400,000 3.3% $8,800 plus 3.3 cents for every dollar above $200,000 up to $400,000
$400,001 – $600,000 2.2% $15,400 plus 2.2 cents for every dollar above $400,000 up to $600,000
$600,001 + 1.1% $19,800 plus 1.1 cents for every dollar above $600,000

Click here to access the Commission Estimator.

Income Commission

Income commission is charged at 5.5% on all income received by the estate or trust except on monies received for rent. This may include income on investments, pensions, or from a business.

Rental income commission is charged at 2.75% for the collection of rents managed by an external agent and 8.25% when we manage the collection of rents.

Administration and Audit Fee

An administration and audit fee is charged annually to each estate that we are actively administering.

$158.00 per annum

Taxation Fee

Taxation fees are charged for the investigation of taxation matters and for the preparation of tax returns for customers if needed. We can prepare tax returns annually, where required, during the period of administration.

The taxation fee shown is a maximum rate and lower fees are charged for simpler returns that do not require a full hour to complete. There is no charge to customers who do not require a tax return.

$214.00 up to one hour
$214.00 per hour for each additional hour (pro rata)

Fees charged by other organisations

Fees charged by other organisations during the administration will be payable from the personal estate. This may include services such as legal fees, accountants, financial advisors etc. A number of charges may arise depending on the customer’s individual circumstances.

Real Estate

Where an administration involves real estate we may engage real estate agents, valuers, property inspectors, lawyers, and / or conveyancers to assist in the sale or management of a property. There will also be fees payable to the Lands Titles Office for registration and search fees. These third party fees and charges will be paid by the personal estate.

Additional Public Trustee Fees that may be charged

The following additional fees may be charged to a personal estate under our administration:

Preparation of affidavits: $246.00 (maximum) per document
Preparation of deeds: $234.00 per document
Attendance at property: $160.00 per hour
Preparation of Inventory: $160.00 per hour

Fees to other organisations

We may engage real estate agents, valuers, property inspectors, lawyers, and / or conveyancers to assist in the administration of the personal estate. These third party fees and charges will be paid by the estate.

We receive and examine the statements of accounts of private administrators appointed to manage the financial, legal, and business affairs of another person who lacks the ability to manage their own affairs.

A fee applies for the examination and regulatory audit of financial statements prepared by private administrators and lodged under the Guardianship & Administration Act 1993 or section 56 of the Administration and Probate Act 1919.

$214.00 up to one hour
$214.00 per hour for each additional hour (pro rata)

Entry Fees

Investors pay the following entry fees when investing with us. No GST applies to entry fees.

Cash Investment Strategy

No entry fees

All other Investment Strategies

Beneficiaries of estates administered by us are not required to pay an entry fee where there is no change of ownership of the assets and when the funds would have otherwise been distributed among the individual beneficiaries.

The entry fee applicable where beneficiaries of estates administered by us where there is a change of ownership of the assets and when the funds would have otherwise been distributed among the individual beneficiaries are as follows:

  • Amounts up to $500,000 – 0.5%
  • Additional amounts from $500,000 to $2M – 0.375%
  • Additional amounts from $2M to $5M – 0.25%
  • Additional amounts above $5M – 0%

All other investors:

  • Amounts up to $500,000 – 1.0%
  • Additional amounts from $500,000 to $2M – 0.75%
  • Additional amounts from $2M to $5M – 0.5%
  • Additional amounts above $5M – 0%

Exit Fees

No exit fees are charged

Switching Fees

No switching fees will be charged except when moving monies from a Cash Investment Strategy to another one of our four strategies, where the fees will be the same as the entry fees disclosed above.

Management Fees

A management fee is charged for each common fund in which money is invested, and will be deducted from the invested funds. The rate is one-twelfth of 1.025% (inclusive of GST) of the value of the fund as at the first business day of each month. This fee is charged to the common funds and the effective rates of returns to customers are net of the management fee.

We are a registered tax agent with many years of experience in preparing personal income tax returns. Fees are chargeable on an hourly basis, and these fees are deductable against your tax return for the next financial year. Competitive rates are charged for taxation returns prepared by our experienced Taxation Service officers:

$214.00 up to one hour
$214.00 per hour for each additional hour (pro rata)