
The Academies Financial Handbook is updated annually by the Department for Education and the Education and Skills Funding Agency; it contains a number of governance requirements for academy trusts.
These increases, which would have come into effect sometime in May, would see the fees increase to the following:
Value of estate | Fee required |
0-£50,000 | Nil |
£50,001-£300,000 | £300 |
£300,001-£500,000 | £1,000 |
£500,001-£1,000,000 | £4,000 |
£1,000,001-£1,600,000 | £8,000 |
£1,600,001-£2,000,000 | £12,000 |
£2,000,001 or more | £20,000 |
The Ministry of Justice has said that there is not enough time for the legislation to go through before Parliament breaks for the general election campaign.
While this is welcome news, these increases may be reviewed again in due course. If you are dealing with an estate and have yet to apply for the probate grant, we suggest you do not delay.
If you would like more information about the content of this article, please contact Alex Elphinston. To find out more about the work we do, including probate, please visit our website.
Published by Anthony Collins Solicitors on 21.04.2017.
The Academies Financial Handbook is updated annually by the Department for Education and the Education and Skills Funding Agency; it contains a number of governance requirements for academy trusts.
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