On 1 July 2024, the Department of Social Services increased the Exempt Funeral Bond Threshold to $15,500 for the 2024/25 financial year.
The threshold is adjusted annually in July based on changes in the cost of living.
Understanding the changes to the Exempt Funeral Bond Threshold
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.
Due to the exempt status, investing in a KeyInvest Funeral Bond can provide up to $1,209 per annum in additional Age or DVA Pension entitlements.
If each member of a couple invests in sep
