Paying for a funeral is not cheap. As one of the practicalities of the modern world, this has to be faced. If you are in this position, you may have heard horror stories about just how expensive funerals are. In fact, although all funeral arrangements incur a cost, how high this is varies quite considerably. There are options available for financial help depending on your circumstances. If you are worried about funeral costs, try not to be. Here is a guide to what you can expect to pay, and what help is available.
On average, a traditional burial in Australia costs about $19,000, while a cremation costs much less at about $7,400. This gives a handy comparison of how much more expensive burial is compared to cremation. Factors such as the price of land and health and safety laws make burial the more expensive option.
Whichever method you choose, there are ways to ease the financial burden. If you have the option, planning ahead is by far the best of these. Funeral insurance is a way of deferring the cost by at least some margin. Pre-paid funerals are preferred by many, as all costs are covered, at today’s prices.
Of course, it’s not always possible to plan ahead. In these saddest of circumstances, funeral costs may be an added and extremely unwelcome burden. However, it could well be that you are in a position to receive help from one of several sources.
Depending on your circumstances, funeral costs can be helped in these ways:
Superannuation. If the deceased has superannuation, any balance of the cost of their funeral will be covered by the super fund. This may take time to come through, which could mean a temporary financial loss. If you yourself have superannuation, you may be able to access your own super fund early.
Government Assistance. There are many forms of temporary and one-off help which you may be eligible to access. These are Bereavement Allowance, Bereavement Payment, Widow Allowance, Pension Bonus Bereavement Payment and Department of Veteran Affairs bereavement payments.
State Assistance. This financial help is usually available and administered by individual states. As well as territorial states, there are funds available through Aboriginal Land Council schemes, whether current or past.
Union and Social Funds. These may be available for current or ex member of trade unions or social clubs. Organisations such as the Rotary Club or the RSL may have financial help available.
Although maybe not pleasant, it could be well worth looking into any of the above sources.
Find Out More
For more information about funeral costs and the help available, get in touch with us at A Gentle Touch. Our website is at https://www.agentletouchfunerals.com.au or you can call us on (07)55220099.