What happens to the monies held in trust by the Public Trustee for minors?
The monies held in trust will be invested in safe financial instruments like fixed deposits and bonds. The monies with interest earned (after deduction of the Public Trustee’s administration fees) will be distributed to the minor when he / she reaches the age of majority (either 18 or 21).
Parent or legal guardian of the minor and minor can view the Statement of Accounts online through https://go.gov.sg/pto.
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