Public Trustee notice of fee increase
24 MAR 2014
24 Mar 2014 Posted in Announcements
THE PUBLIC TRUSTEE
NOTICE OF FEE INCREASE
- WWith effect from 1 April 2014, the fee rates charged by the Public Trustee when administering CPF moneys, etc, and motor accident compensation moneys held in trust will be revised as follows:
| Tier | Free Rates 1 | |
|---|---|---|
| Existing Rates | Revised Rates | |
| For the first $1,000 | 2.200% | 2.400% |
| For the next $9,000 | 1.375% | 1.500% |
| For the next $240,000 | 0.685% | 0.750% |
| For the next $250,000 | 0.412% | 0.450% |
| For amounts in excess of $500,000 | 0.275% | 0.300% |
1 Inclusive of GST
- The minimum fee payable for the administration of CPF moneys, etc, motor accident compensation moneys held in trust, and trusts in general will also be revised from $12.00 to $15.00 (inclusive of GST).
- For queries regarding this notice please contact us at Tel: 6325 1500 or by e-mail at ipto_enquiry@ipto.gov.sg.
TAN YU-WEN (MS)
SENIOR ASSISTANT DIRECTOR (TRUST)
for PUBLIC TRUSTEE
Last updated on 25 Nov 2014