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Fees & Charges

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 prepare your Will documents at no cost if you meet our eligibility criteria and you appoint us as executor.

Eligible customers can have their Will revised or updated at any time by us at no cost and 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.

The Public Trustee Executor Will Documentation prepared at no cost for eligible customers

We will prepare your Power of Attorney documents at no cost if you meet the eligibility criteria.

Public Trustee as Attorney
Documentation prepared at no cost for eligible customers

 

Information valid 1 July 2020 to 30 June 2021

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 on 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

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.

$176.00 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.

$239.00 up to one hour
$239.00 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: $275.00 (maximum) per document
Preparation of deeds: $261.00 per document
Attendance at property: $179.00 per hour
Preparation of Inventory: $179.00 per hour
Next of kin search fee
(Where required to find beneficiaries who may be entitled to share in a deceased estate)
$182.00 up to one hour
$182.00 per hour for more than one hour (pro rata)

Information valid 1 July 2020 to 30 June 2021

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

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.

$176.00 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.

$239.00 up to one hour
$239.00 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: $275.00 (maximum) per document
Preparation of deeds: $261.00 per document
Attendance at property: $179.00 per hour
Preparation of Inventory: $179.00 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.

$239.00 up to one hour
$239.00 per hour for each additional hour (pro rata)

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:

$239.00 up to one hour
$239.00 per hour for each additional hour (pro rata)