Tuesday, October 1, 2013

What are the fees charged by the Public Trustee for the administration of un-nominated CPF monies?

What are the fees charged by the Public Trustee for the administration of un-nominated CPF monies?

The statutory fees chargeable for the administration of CPF monies are as follows:

Amount of CPF Monies Charge
For the first $1,000 2.2%
For the next $9,000 1.375%
For the next $240,000 0.685%
For the next $250,000 0.412%
For amounts in excess of $500,000 0.275%

These fees cannot be waived. A minimum fee of $12 will apply.


- wong chee tat :)

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