On 1/7/22, the Federal Government increased the Centrelink ‘exempt’ limit amount on Funeral Bonds to $14,000 for the FY 2022/23.

Existing or new Funeral Bond holders can now have up to $14,000 contributions per person invested in a Funeral Bond and this amount will be exempt from both the Asset and the Income test, for Centrelink Age pension purposes. Conditions apply, so if you have any questions or need further information, please contact KeyInvest on 1300 658 904 or Centrelink directly.

Please click here if you would like to know more about the Funeral Bond