Ask Us | Funeral pricing laws and tips for covering funeral costs in advance

Many people want to plan ahead for the cost of their funeral, to reduce this burden on their family at a time of much sadness. We talk to Nina Weir from Consumer Protection about some new rules for funeral companies, and options for planning the cost of a funeral. Companies must now be very clear upfront about the total costs of a funeral, so there are no post-funeral price shocks. Price details of each component must be easily available on their website or brochures, and companies can be fined if that information is misrepresented or isn’t publicly available. For those looking to pay for a funeral before it’s needed, the best, safest and simplest option is to save up for it – put your money in a savings or term deposit account, and make sure your loved ones have access to the account details. Prepaid funerals and funeral insurance both have risks. And a reminder, if you were a member of the collapsed Youpla Group/Aboriginal Community Benefit Fund, you can apply to the program set up by the Government until the end of November, for the funeral benefits of members. Listen to our podcast for the pros and cons to help you choose what to do, and more details on all of these issues.