Benefits of Funeral Bonds

The benefits of funeral bonds

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 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 $12,000 (as at 1/7/2014) 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.
Security: Sureplan Gold only invests in “A” and “AA” 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.

Recent Returns for Sureplan Gold Funeral Bond

Year Sureplan Gold Return Annual CPI (Inflation)
2005/06 4.00% p.a. 4.00%
2006/07 4.20% p.a. 2.10%
2007/08 5.25% p.a. 4.50%
2008/09 5.50% p.a. 1.50%
2009/10 4.70% p.a. 3.10%
2010/11 4.70% p.a. 3.60%
2011/12 4.80% p.a. 1.20%
2012/13 3.50% p.a. 2.40%
2013/14 3.00% p.a. 3.00%

Sureplan Gold Bonus Rate

To invest in a Funeral Savings Bond, please contact us on 5463 1155 to organise a time to meet with us to prepare the required paperwork.