A pensioner can invest in a funeral bond up to a maximum threshold (currently $15,500) and their policy will be treated as an Exempt Asset for pension assessment purposes. This can have significant benefits for pensioners. For example, for someone…
Following are the capital requirements for Sureplan at 30 June 2024 reported in compliance with Prudential Standard LPS 110. Capital components of the Management Fund and all Benefit Funds ($’000s) aggregated are: Net Assets Policy Liabilities Surplus…
An investment in a funeral bond such as Sureplan Gold, subject to an upper limit, is treated as an Exempt Asset for pension purposes. As the name implies, an Exempt Asset is not assessed as an asset by Centrelink. This…
If you are seeking Government assistance to help meet the accommodation and care costs of an aged care home, investing in Sureplan Gold funeral bond may be beneficial. To determine if you are eligible for Government assistance you will first…
When entering Aged Care, the level of any Government financial support is determined by a means-tested assessment – in other words an Income and Assets Test. Therefore, the reduction of assessable assets can help to qualify and/or increase the level…
The 2024 Annual Report is available for download (5.6MB) Sureplan Annual Report
As of 1 July 2024 the maximum investment threshold increased to $15,500. That means that a funeral bond will be an Exempt Asset for Centrelink and DVA pensioners, providing no more than two funeral arrangements are held and their total…
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