Financial management fees
All fees for financial management customers are exempt from GST. Fee reductions apply for customers with assets $75,000 and under.
Fees (GST exempt) |
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Establishment |
The establishment fee is 1% of the value of total assets (excluding the customer's principal place of residence, accommodation bond and some other items e.g. motor vehicle and furniture) with a maximum fee of $3,000. If a customer's assets are below $75,000 the following reductions apply:
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Management |
The management fee is calculated daily on the total value of assets NSW Trustee & Guardian is managing (excluding the customer’s principal place of residence, accommodation bond and some other items e.g. motor vehicle and furniture). It is charged at the end of each month. |
Account keeping |
The account keeping fee is $10 per month ($120 a year) If a customer's assets are below $75,000 the following reductions apply:
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Investment |
The investment fee is 0.15% of the value of the trust account , 0.25% for Income Fund and 0.35% for Financial Management Growth Fund in NSW Trustee & Guardian per year (fees are GST exempt). |
Additional fees that may apply (GST exempt) |
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Lodgement of tax return |
$270 first hour $230 additional hourly rate (charged in 15-minute blocks) |
Tax investigation without lodgement |
$135 first hour $230 additional hourly rate (charged in 15-minute blocks) |
View all additional fees and services.
Definitions
- trust account
A type of account where a person or organisation (the trustee) holds money on behalf of someone.
- assets
All of a person’s property including real and personal e.g. bank accounts, realty, shares in companies, cash etc.
- Income
Earnings generated over time.