The Public Trustee (Fees) Order 2008

Amount of executorship fee

11.—(1) Subject to paragraphs (3) and (4), the executorship fee is calculated in accordance with paragraph (2) as a percentage of the gross capital value of the estate on the date of acceptance or on such convenient date as the public trustee may select.

(2) The rate of executorship fee is—

(a) in respect of the first £50,000, 12.5 per cent;

(b) in respect of any excess over £50,000 up to £75,000, 10 per cent;

(c) in respect of any excess over £75,000 up to £100,000, 5 per cent;

(d) in respect of any excess over £100,000, 3.8 per cent

but so that the fee payable is not less that £1,250.

(3) Where the main asset of an estate to be vested in one or more beneficiaries is an unencumbered property which was the principal private residence of the deceased and the public trustee’s executorship duties have been exceptionally simple, a reduction may be made in the amount of the fee payable.

(4) Where the public trustee is acting as personal representative of a deceased statutory owner or tenant for life and is not acting otherwise in the trust a fee of £150 only will be payable.

(5) In this article, “statutory owner” and “tenant for life” have the meanings given by section 117(1) of the Settled Land Act 1925(1).

(1)

1925 c. 18.