Why should I deposit money in a Sureplan Funeral Bond rather than simply putting money in a bank account?

The simple answer is convenience. When a member dies, we simply need to be advised of their death together with the name of the funeral director being used, and we will organise for the claim to be processed without the family needing to complete any paperwork. There are also other advantages for using Sureplan Gold for your funeral preplanning or prepaid funeral plans, including:

The amount deposited and accumulated interest (bonuses) can be exempt from the Income and Assets Test for Centrelink and DVA pensioners. The annual interest (bonus) credited to your funeral bond is not subject to taxation in your hands in that year. The accumulated bonus amount included in the funeral benefit payment at the time of your death will be treated as income for your estate. Your family can immediately commence with funeral planning arrangements as claims are paid with 24 hours of the confirmation of your death.