Funeral Bond (Sureplan Gold)

Sureplan Gold Funeral Bond is a conservatively managed bond and an ideal way to put aside funds for your funeral expense. You can either invest a lump sum, or save using regular deposits from as little as $50 per month.

With Sureplan Gold you are not locked into a contract to pay monthly funeral insurance premiums. You choose how much you wish to pay and you are free to change your saving program at any time. Importantly, as you do not have to make compulsory payments (as with a funeral insurance plan) you cannot lose your money if you fall into arrears – your money will always be there for your family.

 

Sureplan Gold also provides important benefits over traditional savings and investment funds

Pension Maximisation

From 1/7/2018 a single person can contribute up to $13,000 ($26,000 for a couple) without it being subject to the Centrelink or Department of Veterans’ Affairs Income and Assets Test – this is very important for self-funded retirees who are either receiving a part pension or who are just outside the pension entitlement threshold.  For more information on entitlements, click on the link below;

www.humanservices.gov.au/customer/enablers/funeral-bonds-and-prepaid-funerals

Reducing Aged Care Costs
When entering an aged care facility an investment in Sureplan Gold may reduce your assessable assets and, as a consequence, reduce your accommodation costs. Sureplan recommends you receive independent financial advice prior to making a decision to invest in Sureplan Gold for this purpose.
Security
Sureplan Gold only invests in “A” rated fixed interest securities, and cash.
Solid, predictable returns
Since its inception in 1998/99 Sureplan Gold has produced an annual return that equalled or bettered inflation for that year. While past performance does not guarantee future results, the investment strategy employed focuses on delivering returns which equal or exceed CPI, with minimum risk.
Taxation Minimisation
If your Sureplan Gold bond has been assigned to a funeral director, bonuses credited to your Sureplan Gold bond will not be required to be included as income for taxation purposes.
Low Fees
Sureplan Gold has no entry, contribution or exit fees. However, if you die within 12 months of commencing your account any bonuses credited will be reversed.
Easy and Speedy Claims
Sureplan guarantees to pay the funeral benefit within 1 working day of receiving verification of your death from an independent source.

Recent Returns for Sureplan Gold Funeral Bond

Year Sureplan Gold Return Annual CPI (Inflation)
2007/08 5.25% p.a. 4.50%
2008/09 5.50% p.a. 1.50%
2009/10 4.70% p.a. 3.10%
2010/11 4.70% p.a. 3.60%
2011/12 4.80% p.a. 1.20%
2012/13 3.50% p.a. 2.40%
2013/14 3.00% p.a. 3.00%
2014/15 2.00% p.a. 1.50%
2015/16 1.50% p.a. 1.00%
2016/17 2.06% p.a. 1.90%

How does a Sureplan Gold Funeral Bond Work?

Sureplan Gold Funeral Bonds work in a similar way to a savings account.  Bonuses can be added to whatever you invest. As an example, if you were to invest $5,000 in a funeral bond and it returned an annual bonus rate of 5% p.a.** for that year, your total investment would grow to $5,250. With your money secured, funeral preplanning can be taken care of easily and efficiently.

Starting your Sureplan Gold Funeral Bond requires a minimum payment of $50 with future contributions either as a lump sum or periodical payment at an amount set by you.

** The quoted return will always be reflective of the prevailing market conditions at the time.

Application Forms

To apply for a Sureplan Gold Funeral Bond. Please download the forms below, complete and return to Sylvan Funerals. Alternatively, a Sylvan Consultant can meet with you in our office or your home to complete the paperwork together with a funeral prearrangement. Call 3812 4000 to make an appointment.