Article 3 Amendment to the Public Trustee (Fees) Order 1999

for “2.25 per cent”, substitute “3.75 per cent”;

for “1.75 per cent”, substitute “2.15 per cent”;

for “1.25 per cent”, substitute “1.6 per cent”;

for “0.75 per cent”, substitute “1 per cent”;

for the words “in respect of any excess over £2,500,000” to “0.25 per cent”, substitute—

“

in respect of any excess over £2,500,000 up to £3,000,000	0.5 per cent
in respect of any excess over £3,000,000	0.25 per cent

”;

for “£60”, substitute “£300”;

in paragraph (c), omit “and”; and

after paragraph (d), insert—

“; and

(e)

where the trust or estate has a net capital value of less than £3,000 (calculated in accordance with article 17(2)) the fee payable shall be 10 per cent of the net capital value”.