Security for your money –

  •  Money is placed with a government regulated friendly society in a secure fund.

 

Pension Concessions (Conditions Apply)

  • Annual bonuses are not subject to deeming provisions of the income test.
  • Capital invested and accumulated bonuses not subject to the assets test.

 

Conditions for pension concessions:

  • Initial capital investment limit of $12,250 (as at 1 st July 2015).
  • Investment in only one funeral bond.

 

Tax Benefits

  • Bonuses credited to a funeral bond are not treated as income for tax purpses.

 

Minimum/Maximum Amounts

  • Minimum investment to start fund $10.
  • No maximum limit of investment (see pension concession conditions above).