Centrelink Funeral Bond Exemption Threshold Increased
On July 1, 2024 Centrelink increased the Exemption Threshold on Funeral Bonds from $15,000 to $15,500.
The updated threshold allows new and existing Funeral Bond investors to have up to $15,500 in contributions exempt from the Assets and Income tests applied by Centrelink and the Department of Veterans’ Affairs (DVA) when calculating entitlements.
.To discuss these changes or to arrange for a Funeral Bond to be established on your behalf, please do not hesitate to contact our office at 03 5443 7220