The Role and Evolution of Friendly Societies in Australia Friendly societies are mutual, member-owned organisations that first emerged in Australia during the 1830s with the arrival of free workers. In an era when state-supported welfare systems were non-existent, friendly societies…
Funerals can be expensive, and when the time comes, emotions are high — the last thing we want is to leave behind unexpected financial stress. None of us like to think about it, but planning for the inevitable is one…
As of 1 July 2025, the maximum contribution limit for a funeral bond to be treated as an Exempt Asset by Centrelink & DVA, has increased from $15,500 to $15,750. That means that a funeral bond will be an Exempt…
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…
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