What are the fees charged for the investment of monies held in trust 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).
You can view the Statement of Accounts online through https://go.gov.sg/pto.
What are the fees charged by the Public Trustee for the investment of monies held in trust?
The statutory fees charged by the Public Trustee on the amount of interest earned for the investment of monies held in trust are as follows:
Amount of Interest Earned | Charge |
For the first $1,000 | 5.50% |
For the next $1,000 | 4.50% |
For the next $1,000 | 3.50% |
For amounts in excess of $3,000 | 2.25% |
The fees include GST and cannot be waived.
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