Notice of Common Fund management fee increase 01/07/2021 – Section 29(ii) of the Public Trustee Act 1995
The Public Trustee pools customer funds to generate a higher level of return than that which might be available to an individual investor. A management fee is charged to each of the different pools of funds which is currently a maximum of one per cent (1%) per annum (plus GST).
These fees are not charged directly to you. The total amount available to distribute to you from each pool will be reduced by the amount of the management fee charged.
The management fee on the Growth Pool of Funds (Australian Shares, Overseas Shares and Property Common Funds) will be increasing from one per cent (1%) per annum to one point two per cent (1.2%) per annum (plus GST) as from 1 July 2021. Other management fees remain unchanged.
A full list of the Public Trustee fees and charges may also be viewed under the “Fees and Charges” heading on the home page.
If you require additional information relating to the change in fees please contact your Estate Officer on 8226 9200.