This uniquely configured financial product is designed to grow and release funds at the time of your passing. Ensure the first act of your legacy is to reduce the stress on your family so they can celebrate your life.
Tax on the income earned on your investment is paid within the Fund. This ensures you do not need to declare any income earned on your investment.
With the Foresters Financial Funeral Bond, your savings are specifically set aside to cover your funeral costs. These funds can only be accessed at the time of your passing, ensuring your loved ones are protected against inheriting unexpected costs.
Funeral costs you pay—up to $15,500 (as of 1 July 2024)—do not count in your assets test for payments from Services Australia. The assets test determines the amount of financial support you receive through funding schemes like the Age Pension, Carer Payments or Disability Support Pension.
By adding ‘Away From Home Cover’ as an optional extra—with a one-off premium of $120—you protect against transportation costs (up to $3,000) if you pass away more than 100km from home while travelling within Australia.
You can purchase Away From Home Cover as an addition to the Foresters Funeral Bond if you:
Additionally, to be eligible for Away From Home Cover, you must:
The Foresters Financial Funeral Bond offers five investment options designed to align with your distinct financial objectives. Each option has a unique risk profile and investment strategy.
Investment options:
View this extract from our Product Disclosure Statement.
*Please note, we recommend seeking professional advice regarding your individual circumstances and whether the investment option(s) are appropriate for you.
View daily unit pricing. Prices are updated regularly.
Alternatively, view historical weekly unit pricing.
The chance of your investments rising or falling in value is related to the option you chose, and how that option invests your money. Capital Guaranteed has the lowest risk and provides security in the value of your investment. High Growth, on the other hand, has the highest risk because it has a higher weighting to growth assets such as shares and property.
Risk can be hard to interpret because it can be measured in different ways. The good news is there are ways to help you understand and quantify the level of risk you are comfortable with. A common method is the twenty-year principle. This method calculates how many years of negative yearly returns you can expect over a twenty-year period. A higher number represents higher risk because there will be more years with a negative result, and vice versa.
| Investment Options | ||||
|---|---|---|---|---|
| Capital Guaranteed | Sustainable | Balanced | Growth | High Growth |
| 0 | 3 to 4 | 3 to 4 | 4 to 5 | 5 to 6 |
| Net Returns 30 November 2024 | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Investment Options | Inception date | FYTD | 1 year | 2 years p.a. | 3 years p.a. | |||||
| High Growth | 21 July 2021 | 3.83% | 11.34% | 7.96% | 3.95% | |||||
| Growth | 21 July 2021 | 2.86% | 8.03% | 5.56% | 1.99% | |||||
| Sustainable | 21 July 2021 | 3.34% | 8.55% | 5.61% | 2.00% | |||||
| Balanced | 19 July 2023 | 3.22% | 7.87% | N/A | N/A | |||||
Past performance is not a reliable indicator of future performance. The value of investments can rise or fall, and investment returns can be positive or negative. The Figures shown are net investment returns, that is, after fees, costs and taxes have been paid over the set periods of time shown and may not reflect the actual returns experienced by investors due to timing of contribution receipts.
Benchmark long-term CPI+ investment objectives:
| Total Return |
Funeral Benefit Fund Taxable (after 1 Feb 2011) |
Funeral Benefit Fund Taxable (after 31 Dec 2002) CLOSED |
Funeral Benefit Fund Exempt (before 1 Jan 2003) CLOSED |
|---|---|---|---|
| 2018 | 1.14% | 1.14% | 0.90% |
| 2019 | 1.71% | 0.71% | 1.60% |
| 2020 | 1.00% | 1.00% | 0.40% |
| 2021 | 1.14% | 0.57% | 0.75% |
| 2022 | 1.00% | 0.50% | 0.35% |
| 2023 | 1.07% | 0.50% | 1.20% |
| 2024 | 1.05% | 0.75% | 0.35% |
Notes: The Total Return is the sum of the bonus rate allocated and the tax benefit. Past performance should not be taken as a guide to future performance.
Benchmark long-term CPI+ investment objectives:
View the fees and costs extract from our Product Disclosure Statement.
Whatever your financial goals, we share your ambition, get in contact with the Investor Services Team today.
