The Funeral Bond Allowable Limit is used to determine the maximum amount that can be invested in a funeral bond that will be considered an exempt asset as part of the assets test used by Services Australia.
The funeral bond limit for the 2023-24 financial year will increase to $15,000, previously it was $14,000. The Department of Social Services review this limit on 1 July each year.
For more information on the nature of how funeral investments are assessed by the Government, please visit the Services Australia website.
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