# The Public Trustee (Fees) Order 2008, Article 19: When withdrawal fee payable


A withdrawal fee is payable—
(a) on the public trustee ceasing to act—
(i) as trustee or manager of any scheme or funds under Part 8 whether on retirement or otherwise; or
(ii) other than on retirement, in any estate or trust; or
(b) on the withdrawal or distribution of any part of the estate or the trust property, or, as the case may be, of the capital of a scheme or fund under Part 8, except where—
(i) the public trustee ceases to act as executor of an estate in respect of which an executorship fee is payable;
(ii) trust property held on a declaration of trust in favour of one beneficiary only is withdrawn for the purpose of transfer to a new executorship or a new trust accepted by the public trustee;
(iii) the public trustee is acting other than as trustee or manager of any scheme or fund under Part 8 and the trust or estate has, in the opinion of the public trustee, a total value of £30,000 or less on 31st March 2004; or
(iv) trust property or, as the case may be, capital of a scheme or fund under Part 8, is withdrawn for the purpose of paying any fees prescribed by this Order.

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Source: https://www.legislation.gov.uk/uksi/2008/611/article/19 (the official version)
Page: https://openlegislation.uk/public-trustee-fees-order-2008/article-19
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.

