Executor Fees and Charges
The charges of NSW Trustee & Guardian are set by the NSW Parliament. Capital commission is charged on the gross value of all the assets in the sole name of the deceased. Joint assets, such as bank accounts or a house held as joint tenants will not attract commission. Commission is charged on a sliding scale; the rate reduces as the capital value of an estate increases, as follows:
|Value of assets
||% fees payable (incl. GST)
|up to $100,000
|from $100,001 to $200,000
|from $200,001 to $300,000
|$300,000 and above
In instances where the matrimonial home is held in the sole name of the deceased, or where roll-over monies are held in Approved Deposit Funds and the surviving spouse will inherit, a reduced commission will apply if the value is over $100,000. If the value is less than $100,000 there is a minimum fee of $1,100 or 2.2% of the value (whichever is the lesser).
The minimum charge for administering an estate is $200.00.
We charge an account keeping fee of $11.00 (incl. GST) per month. For the investigation and lodgement of tax returns a minimum fee of $275 (incl. GST) up to one hour applies, plus a maximum of $220 (incl. GST) per hour for extra hours required. There are also out of pocket expenses for photocopying, phones, and postage.
Charges also apply if additional work is required for resolving disputes.
Assets realised are invested in the NSW Trustee & Guardian's Common Fund and earn interest. For further information about fees please refer to our Guide to Executorship and Probate.
Please note, recommendations made by the Independent Pricing and Regulatory Tribunal for changes to NSW Trustee & Guardian fees have been approved by government and will take effect from 1 July 2016. Fee changes are detailed in the leaflet that can be downloaded below.