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.
Grow your wealth,
consolidate your legacy
consolidate your legacy