Article 11 Amount of executorship fee

(1)

The executorship fee shall be calculated in accordance with the provisions of this article as a percentage of the gross capital value of the estate on the date of acceptance or on such convenient date as the Public Trustee may select.

(2)

The rate of executorship fee shall be as follows:–

in respect of the first £50,000	5.5 per cent.
in respect of any excess over £50,000 up to £75,000	4 per cent.
in respect of any excess over £75,000 up to £100,000	2 per cent/
in respect of any excess over £100,000 upwards	1 per cent.

but so that the fee payable shall not be less than £550.

Provided that–

(a)

where the main asset of an estate to be vested in a beneficiary or beneficiaries is an unencumbered property which was the principal private residence of the deceased and the Public Trustee’s executorship duties have been exceptionally simple, a reduction may be made in the amount of the fee payable; and

(b)

where the Public Trustee is acting as personal representative of a deceased statutory owner or tenant for life and is not acting otherwise in the trust a fee of £100 only shall be payable.