On 1 January 2017 the Australian Government implemented changes to the assets test used to calculate pensions.
Investments of up to $12,500 (current threshold for the 2016-17 financial year) in a funeral bond such as the Bendigo Funeral Bond, are exempt from Centrelink and the Department of Veterans’ Affairs Income and Assets Test.
For more information on the changes to the pension assets test, please contact Centrelink, Department of Veterans’ Affairs or your financial adviser.
Following its formation in 1969 and in the years since, the Australian Friendly Society (AFS) has focussed on endeavouring to achieve strong returns for its members whilst striving for excellence in service.
Taking care of your funeral costs can remove financial concerns for your family and friends at a difficult time. The Bendigo Funeral Bond offered by the Australian Friendly Society is a capital-guaranteed savings and investment plan that solely accumulates funds to meet the cost of your funeral expenses.