Catch-Up Fee Section

This is the standard Engagement Letter - Catch-up Fee Section template that comes with Engager. If you’ve changed or deleted your copy, you can restore it at any time: go to Settings > Document content > Document templates (category Letters of Engagement), open the template, or create a new template if it isn’t in your list, and paste in the text below (see How to add and customise document templates and Letters of Engagement). Everything in square brackets, such as [CatchUpFeeTable] and [CatchUpFeePaymentPlan], is a merge field, so it fills in automatically when the document is generated for a client. The disclaimer at the end is guidance for you and isn’t part of the template.

[FirmName]

Catch-Up Fees

This document should be read in conjunction with the Engagement Letter and the Standard Terms and Conditions.

What is a Catch-Up Fee? 

A Catch-Up Fee covers services provided over a 12-month period. Since your onboarding occurs after the start of your financial year, a pro-rated Catch-Up Fee is applicable, as detailed below.

Catch-Up Fee Details

[CatchUpFeeTable]

Catch-Up Fee Payment Plan

The Catch-Up Fee will be paid in [CatchUpFeeNumberOfInstallments] instalments of [CatchUpFeeInstallmentGrossAmount] each. The first payment is due by [CatchUpFeeFirstInstallmentDue]. Below is the detailed payment plan, including amounts and due dates, which will be invoiced alongside your monthly fee as per the Engagement Letter.

[CatchUpFeePaymentPlan]

[CurrentDateAndTime]

Disclaimer: This template is provided for general guidance only and does not constitute legal, regulatory, or professional advice. Users should tailor its content to their own firm’s practices and procedures, and are strongly encouraged to consult qualified legal and compliance professionals to ensure full compliance with applicable laws, regulations, and professional standards.