The schedule of fees and charges for estate planning, administration of deceased estates, trusts, charitable trusts and financial management clients are outlined below, or can be downloaded here. The fees quoted are current as at 6 May 2010, and are inclusive of Goods and Services Tax (GST).

In certain circumstances the fees may be varied by agreement and we would be pleased to discuss this with you.

The services outlined below are provided by Perpetual Trustee Company Limited ABN 42 000 001 007 AFSL 236643 (PTCo).

Estate planning
Deceased estates
Financial management
Trusts
Charitable trusts

Additional information for matters commenced prior to 6 May 2010.

Estate planning

Fees for Perpetual’s estate planning.

This service is provided by Perpetual Legal Services in conjunction with, and on behalf of PTCo.

• Preparation of a will - $300.00 per hour 
• Preparation of a power of attorney - $300.00 per hour

Deceased estates

Fees for Perpetual’s estate administration and executorial services.

Capital fee	Income fee	Additional service fee*
4.65% gross value of assets of the estate up to $500,000	5.775% is charged on all income earned in the estate.	Up to $300 per hour payable whenever charged.
3.30% gross value of assets of the estate over $500,000 up to $1,000,000
2.20% gross value of assets of the estate over $1,000,000 up to $2,000,000
1.10% gross value of assets of the estate over $2,000,000

In some circumstances an establishment fee may be negotiated when taking on administration of an estate as an agent for, or on behalf of, a named executor.

Example - an estate administered by Perpetual with assets valued at $3,000,000. There was no principal residence as part of the estate. The capital fee charged for administering the estate is $72,750, representing an effective rate of 2.425%.

Fee for administering a principal residence

When calculating Perpetual’s capital fee for administering a deceased estate, only half the market value of the deceased’s interest in their principal residence is included in the gross value of the capital assets in the following circumstances:

• where the principal residence was the principal residence of the deceased, their spouse and/or their child or children at the date of death,
• where the spouse and/or child or children continue to use the property as their principal residence until the administration of the estate is finalised,
• where the principal residence is transferred solely to the spouse, child or children who occupied the residence at the date of death.

If all of the above conditions are not satisfied full fees will apply.

If the principal residence was owned in joint tenancy, then the deceased’s interest in the principal residence does not form part of the estate and is not subject to fees.

Back to top

Financial management

Fees for Perpetual’s administration of assets under enduring powers of attorney, financial management/administration order and compensation trusts.

In certain circumstances the fees for financial management may be varied by agreement.

Annual fee	Establishment fee**	Additional service fee*
1.925% per annum of the gross value of assets up to $500,000	Up to 1.1% of the gross value of assets. A minimum fee of $3,300 applies.	Up to $300 per hour payable whenever charged.
1.375% per annum of the gross value of assets over $500,000 up to $1,000,000
0.825% per annum of the gross value of assets over $1,000,000 up to $3,000,000
0.530% per annum of the gross value of assets over $3,000,000
A minimum annual fee of $5,775 applies

Fee for administering a principal residence

For the purposes of calculating Perpetual’s annual fee for a financial management the market value of the principal residence is excluded from the gross value of the assets.

Back to top

Trusts

Fees for Perpetual’s trust services

Excluding charitable trusts and compensation trusts

Annual fee	Establishment fee**	Additional service fee*
1.375% per annum of the gross value of the assets.	Up to 1.1% of the gross value of assets. A minimum fee of $3,300 applies.	Up to $300 per hour payable whenever charged.
A minimum annual fee of $4,125 applies.
Applicable to: • testamentary continuing trusts, from the time the trust is established, and • all other trusts, from the date when the trust is committed to Perpetual’s administration.

Example – a trust established in a client’s will (testamentary trust) with assets valued at $5,000,000. The annual fee charged is $68,750. As Perpetual previously administered the client’s estate an establishment fee is not payable.

Back to top

Charitable trusts

Fees for Perpetual’s charitable trust services

Annual fee
1.056% per annum of the gross value of assets Applicable to: testamentary charitable trusts, from the time the trust is established, and all other charitable trusts, from the date when the trust is committed to Perpetual’s administration

Fees for Perpetual’s Private Ancillary Fund trustee services

The fees outlined below are the maximum fees payable for Private Ancillary Fund (PAF) trustee services. Due to the personal and tailored nature of PAFs fees may be varied by agreement.

Annual fee
• 0.825% per annum of the gross value of assets up to $500,000 • 0.550% per annum of the gross value of assets over $500,000 up to $1,000,000 • 0.330% per annum of the gross value of assets over $1,000,000

Fees for Perpetual Foundation - Endowment Fund

The annual trustee and administration fee for the Perpetual Foundation - Endowment Fund is 0.67% per annum of the balance attributed to an endowment. The information brochure for the Perpetual Foundation - Endowment Fund contains all other fees and charges.

Expense recovery

Professional expenses payable

If Perpetual engages any other service provider, including a related Perpetual entity, they may be paid fees, commission or brokerage (including GST). These may be in addition to any other fees that are payable to Perpetual. Services include:

• real estate or business agent
• trustee or manager of a common fund or unit trust
• legal counsel or
• registered tax agent.

Other expenses

Perpetual is entitled to reimbursement of all properly incurred expenses in the administration. Some examples of these expenses include but are not limited to postage, couriers, photocopying, bank charges, telecommunication charges and settlement fees.

Perpetual recovers disbursements and incidental third party expenses by:

• debiting the relevant account $5.00 for each financial transaction undertaken (all debit and credit transactions except statutory account charges and Perpetual’s professional fees) and
• retaining interest earned in respect of all monies held in its operating bank account before the money is allocated to the account, or where a cheque remains unpresented.

Additional expenses may apply to international transactions.

Back to top

*Fees for additional services

Additional services for which Perpetual may charge an hourly rate of up to $300 including, but are not limited to:

• services relating to real estate assets including buying and selling, inspecting, letting, reporting, arranging and supervising repairs; valuation; arranging insurance
• management of interstate or foreign assets
• carrying on business
• preparation and lodgement of tax returns
• litigation
• company formation and re-structure
• arrangements resulting from beneficiary requests
• enquiries for missing or unnamed beneficiaries
• contentious business
• personal care arrangements associated with appointment as attorney including payment of accounts, medical and insurance claims of any kind and necessary additional attendances when assets cannot be held in Perpetual’s name
• services of an otherwise unusual nature, which together with the hourly rate, must first be agreed by a majority of interested persons.

** Establishment fees

An establishment fee is a once only additional fee that helps defray the costs associated with establishing the account and transferring assets into Perpetual’s administration. The fee is charged when the account is established or when additional assets are transferred into Perpetual’s administration. This fee is not charged on a testamentary continuing trust where Perpetual was the executor of the deceased’s estate.

Additional information

Fees quoted below for deceased estates, trusts (including charitable trusts) and financial management (under power of attorney and court/tribunal orders) which commenced prior to 6 May 2010, and are managed by Perpetual, are exclusive of GST.

Perpetual Trustee Company (Canberra) Limited ABN 89 008 393 806, Perpetual Trustees Queensland Limited ABN 49 009 656 811, Perpetual Trustees SA Ltd ABN 88 008 273 916, Perpetual Trustees Victoria Limited ABN 47 004 027 258, Perpetual Trustees Consolidated Limited ABN 81 004 029 841
and Perpetual Trustees WA Limited ABN 98 008 666 886.

ACT
NSW
QLD
SA
VIC
WA

ACT

No additional information. Please refer to the current schedule of fees and charges.

NSW

Deceased estates

Fees for Perpetual’s estate administration and executorial services

Capital fee	Income fee	Additional service fee
4.25% gross value of assets of the estate	5.25% is charged on all income earned in the estate.	Up to $275 per hour. See below for applicable services*.

Continuing estates and long term trusts

Fees where administration is greater than or equal to 2 years, not including charitable trusts.

Annual fee	Additional service fee
• 0.50% per annum of the gross value of assets up to $250,000 • 0.75% per annum of the gross value of assets over $250,000 up to $500,000 • 1.00% per annum of the gross value of assets over $500,000	Up to $275 per hour. See below for applicable services*.

Charitable trusts

Fees for Perpetual’s charitable trust services.

Capital fee	Income fee	Annual fee
4.25% gross value of assets	Whichever is lower of: • 0.25% per annum of the gross value of assets OR • $590 per annum	5.25% is charged on all income earned

Power of attorney

Fees for administration of assets under power of attorney

Capital fee	Income fee	Additional service fee
5.00% gross value of assets	5.00% is charged on all income earned	Up to $275 per hour. See below for applicable services*.

*Additional service fee

Services for which additional fee may be charged in NSW:

• Administration of assets located interstate or overseas.
• Inspection of and report on real or personal estate.
• Arranging for and supervising repairs to real estate.
• Valuation of assets.
• Preparation and lodgement of returns for:
  • income tax, or
  • land tax, or death and estate duties (other than for original grant of probate or letters of admin).
• Furnishing information for the purpose of any proposed dealing with a beneficial interest or for registering a notice of charge or other dealings.
• Rearrangements of transactions necessary as a result of requests or deeds entered into by beneficiaries.
• Engagement in litigation (other than arising from any default or neglect by Perpetual).
• Keeping books of account of any business, except where Perpetual also carries on the business.
• Applying, in good faith, for grant of probate or letters of admin if application not granted due to circumstance beyond control of Perpetual.
• Forming companies or restructuring companies for benefit of existing beneficiaries.
• Duties involved in joint tenancies.
• Attendances outside offices of trustee company (other than for making inquiries re probate).
• Inquiries for missing or unnamed beneficiaries.
• Passing of accounts with Registrar in Probate where Perpetual is acting as co-executor or co-administrator.
• Collecting rent on behalf of estate
• Carrying on a business which belongs wholly to estate or in which estate has interest as partner.

Back to top

QLD

Fees for deceased estates, trusts (including charitable trusts) and financial management (under power of attorney and court/tribunal orders) managed by Perpetual.

Capital fee	Income fee	Additional service fee
5.00% gross value of assets of the estate	6.00% is charged on all income earned in the estate.	Up to $275 per hour. See below for applicable services.

Additional service fee

Services for which additional fee may be charged in QLD:

• Preparation of income tax or land tax returns
• Carrying on a business which belongs wholly to estate or in which estate has interest as partner.
• Keeping books of account in respect of any business
• Arranging insurance
• Acting as auctioneer of property
• Preparing succession accounts and estate duty returns
• Inspecting and reporting upon real and personal estate.

SA

Fees for deceased estates, trusts (including charitable trusts) and financial management (under power of attorney and court/tribunal orders) managed by Perpetual.

Capital fee	Income fee	Additional service fee
6.00% gross value of assets of the estate	7.50% is charged on all income earned in the estate.	Up to $275 per hour. See below for applicable services.

Additional service fee

• Services for which additional fee may be charged in SA:
• Preparation and lodgement of returns for any tax, duty or fee imposed by law.
• Carrying on a business which belongs wholly to estate or in which estate has interest as partner, if authorised by the Court.

Back to top

VIC

Deceased estates

Fees for Perpetual’s estate administration and executorial services

Capital fee	Income fee	Additional service fee
5.50% gross value of assets of the estate	6.60% is charged on all income earned in the estate.	Up to $275 per hour. See below for applicable services.

Charitable trusts

Annual fee	Additional service fee
1.056% gross value of assets	Nil

Additional service fee

Services for which additional fee may be charged in VIC:

• Preparation and lodgement of returns for income tax
• Carrying on a business which belongs wholly to estate or in which estate has interest as partner, if approved by the Court.

WA

No additional information. Please refer to the current schedule of fees and charges.

Back to top

Perpetual Private Clients advice and services are provided by Perpetual Trustee Company Limited (PTCo), ABN 42 000 001 007, AFSL 236643. This information has been prepared by PTCo. It contains general information and is not intended to provide you with advice or take into account your objectives, financial situation or needs.