{
  "url": "https://openlegislation.uk/public-trustee-fees-order-2008/article-15",
  "json_url": "https://openlegislation.uk/public-trustee-fees-order-2008/article-15.json",
  "legislation": "uksi/2008/611",
  "legislation_title": "The Public Trustee (Fees) Order 2008",
  "legislation_url": "https://openlegislation.uk/public-trustee-fees-order-2008",
  "path": "article/15",
  "kind": "article",
  "number": "15",
  "heading": "Amount of acceptance fee",
  "text": "(1) The acceptance fee is calculated in accordance with paragraph (2) as a percentage of the gross capital value of the estate or the trust property on the date of acceptance or on such convenient date as the public trustee may select.\n(2) Subject to paragraph (3), where the public trustee is acting—\n(a) under a declaration of trust in favour of one beneficiary only; or\n(b) as original, substituted or additional trustee of property to which an infant is absolutely entitled under a will (or other testamentary disposition) or on an intestacy,\nthe rate of the acceptance fee is—\n(i) in respect of the first £50,000, 1.25 per cent;\n(ii) in respect of any excess over £50,000, 0.5 per cent\nbut so that the fee payable is not less than £175.\n(3) No acceptance fee will be charged in respect of property to which paragraph (2) applies if that property is immediately and directly derived from an estate or a trust in which the public trustee is acting.\n(4) In all other cases in which the public trustee is acting as trustee the rate of the acceptance fee is one half the rate of the executorship fee but so that the fee payable is not less than £550.",
  "extent": null,
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/uksi/2008/611/article/15",
    "retrieved_at": "2026-10-29T03:34:50.114939+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}