Funeral Bonds

McCartney Family Funerals are proud to work with Sureplan Friendly Society to provide industry leading Funeral Bonds for those who are 56 years or over and wanting to forward plan for their funeral expenses.

Our Funeral Directors can arrange for a funeral bond that suits your needs and arrange for fast coverage for your funeral bond products.

Sureplan’s funeral bond is called Sureplan Gold and it is a conservatively managed bond that is an ideal way with which to put aside funds for your funeral expense. You can either invest a lump sum, or save using regular deposits from as little as $50 per month. Therefore it is an ideal funeral saving plan.

With Sureplan Gold you are not locked into a contract to pay monthly funeral insurance premiums. You choose how much you wish to pay and you are free to change your saving program at any time. And crucially, as you do not have to make compulsory payments (as with funeral insurance plans) you cannot lose your money if you fall into arrears – your money will always be there for your family. But please note, as Sureplan Gold is a funeral bond, you will be unable to access your funds after the 30 day “cooling off” period.

Sureplan Gold has some important benefits over traditional savings and investment funds

Pension Maximisation

You can contribute up to $12,500 (as at 1/7/2016) without it being subject to the Centrelink or Department of Veterans’ Affairs Income and Assets Test – this is very relevant for self-funded retirees who are either receiving a part pension or who are just outside the pension entitlement threshold. For more information, click on the link below;

www.humanservices.gov.au/customer/enablers/funeral-bonds-and-prepaid-funerals

Reducing Aged Care Costs
When entering an aged care facility an investment in Sureplan Gold may reduce your assessable assets and, as a consequence, reduce your accommodation costs. Sureplan recommends you receive independent financial advice prior to making a decision to invest in Sureplan Gold for this purpose.
Security
Sureplan Gold only invests in “A” rated fixed interest securities (senior debt instruments issued by the major Australian corporates and banks) and cash.
Solid, predictable returns
Since its inception in 1998/99 Sureplan Gold has produced an annual return that equalled or bettered inflation for that year. While past performance does not guarantee future results, the investment strategy employed is focussed on delivering returns which equal or exceed CPI, with minimum risk.
Taxation Minimisation
Any bonuses credited to your Sureplan Gold bond will not be required to be included as income for taxation purposes. Unless you assign your Sureplan Gold bond to a funeral director or cemetery/crematorium business bonuses paid as part of your funeral benefit will be subject to tax in your estate.
Low Fees
Sureplan Gold has no entry, contribution or exit fees. However, if you die within 12 months of commencing your account any bonuses credited will be reversed.
Easy and Speedy Claims
Sureplan guarantees to pay the funeral benefit within 1 working day of receiving verification of your death from an independent source.
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