Fee Information

Example of trustee fees that may be incurred during administration of Trust Deed:

All Trustee fees and outlays for your Trust Deed administration are covered by the contribution made to your trust deed and/or your assets. This amount is agreed before you sign the Trust Deed paperwork and you do not have to pay any additional fees.

  • The fee for a 4 year trust deed is fixed, typically ranging from £1,000 to £2,500 and this may vary depending on your creditors.
  • There is an additional fee of, typically ranging from 10-20% of the total of the assets and contributions.

You and your creditors will be advised of the total fee amount in your trust deed proposal. Should you feel it necessary, you and/or your creditors can request the Accountant in Bankruptcy (AIB), the agency that supervises Trust Deeds, audit the fee. The AIB charge a 5% fee, which comes from any fees and outlays, to audit the accounts which reduces the funds that will be distributed between your creditors. The fixed and additional fees are based upon the amount of work taken to set up your Trust Deed and administer it during the process. The fee will periodically be taken during your Trust Deed. The fixed and additional fees are based on the following work being required to setup your Trust Deed and administer it through to its’ conclusion. Your Trustee along with suitably qualified members of his staff will undertake these tasks (this list is not exhaustive);

  • SIP3 call
  • confirming your trust deed proposal, and other debt options.
  • Getting your trust deed protected.
  • Dealing with your creditors, the AIB and any relevant third parties on your behalf.
  • Monitor payment of your monthly income contributions.
  • Realising any valuable assets to your estate.
  • Adjudicating on creditors’ claims.
  • Paying dividend/s to your creditors.
  • Dealing with any changes in your personal or financial circumstances during the trust deed that could affect your payments and if necessary, liaising with your creditors regarding these changes
  • Monitoring your monthly contributions.
  • Annually reviewing your income and expenditure
  • Sending an annual report to your creditors updating them on the progress of your Trust Deed..
  • Completing the paperwork required at the end of your Trust Deed term to discharge you and your trustee.

If at any point during your Trust Deed, you feel like you may struggle to pay your contribution, you must contact your trustee immediately. It may be possible to arrange a payment amendment or holiday due to extenuating circumstances if these can be evidenced. If you breach your payment agreement without contact and consent from your trustee, you could be discharged from the Trust Deed which would leave you in the same position you were in before you entered it, having to repay your debts in full, (plus interest and minus any payments made to date) and dealing with multiple creditors or, in some cases, you could be sequestrated, (made bankrupt), for failing to comply with your Trust Deed terms.

Debt Arrangement Scheme (DAS) fees

Setup fee

DAS Application Fee

A fee could be payable when you have decided that you wish to apply for a Debt Payment Plan (DPP) under DAS and is paid prior to the application being processed on the DAS Hub. The fee is based on the following work being required to set up your DAS. Your continuing money adviser along with suitably qualified members of his staff will undertake these tasks (this list is not exhaustive); The required number of meetings (whether by phone or at your home, our office or another suitable place) to give you advice prior to you making a decision that DAS is the most appropriate debt solution for you.

Monthly management fee

This payment is made by standing order directly from your bank. The fee is based on the following work being required to administer your DAS. Your continuing money adviser along with suitably qualified members of his staff will undertake these tasks (this list is not exhaustive);

  • Monitor payment of your monthly income contributions.
  • Manage your creditors to stop correspondence and calls being made to you.
  • Re-assessing your circumstances if they change during the term of the DAS and reporting this to creditors where necessary.
  • Process a variation in your payment, if required.
  • Process a payment holiday, if required.
  • Conduct an annual review of your income & expenditure.
  • Generally ensuring that the DAS performs satisfactorily for you and for your creditors.

As such, the following is an example of the costs of a typical DAS when using the money adviser at your insolvency company:


It is essential that you maintain your agreed monthly contributions into your DPP. If at any point during the term of your DPP you feel you can no longer afford the payments agreed, you must contact your Money Adviser or their staff to discuss. Contacting us to discuss any payment difficulties you are experiencing or changes in circumstances is essential, DPPs under DAS do provide an element of flexibility. You may be entitled to a payment break in certain circumstances (such as illness or redundancy) or your Money Adviser may be able to review and amend your payment to suit your changed circumstances – this is subject to creditor approval. If you fail to keep up with your agreed payments and fail to contact your Money Adviser to discuss, your DPP may be revoked, leaving you liable for payment of your debts at their original contractual payment level (including interest and less any payments made to date).

Free advice:

You will be advised that if applying for a DPP under DAS that free money advice is available and you will be provided with a list of all free money advisers in Scotland. By choosing a free sector money adviser it is likely to reduce the payment term of your DPP. A free sector money adviser will give you advice and work with you to complete the DPP application.