Schedule 6 DETERMINATION OF INSOLVENCY OFFICE HOLDER'S REMUNERATIONF1

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

Sch. 6 applied (with modifications) by Bank Administration 2009 rule 58 59 60 61 Table
Sch. 6 applied by Bank Insolvency 2009 Sch. para. 1(c)
Sch. 6 applied (with modifications) by Building Society Special Administration 2010 rule 60 61 62 63 Table
Sch. 6 applied by Building Society Insolvency 2010 Sch. rule 286(c)

As regards the determination of the remuneration of trustees and liquidators the realisation and distribution scales are as set out in the table below—

The realisation scale

(i) on the first £5000 or fraction thereof	20%
(ii) on the next £5000 or fraction thereof	15%
(iii) on the next £90000 or fraction thereof	10%
(iv) on all further sums realised	5%

The distribution scale

(i) on the first £5000 or fraction thereof	10%
(ii) on the next £5000 or fraction thereof	7.5%
(iii) on the next £90000 or fraction thereof	5%
(iv) on all further sums distributed	2.5%.

Annotations

Textual amendments

F1: Sch. 6 inserted (1.4.2004) by The Insolvency (Amendment) Rules 2004 (S.I. 2004/584), rules 1(2), 47