There are two certainties in life: death and taxes. It’s a familiar phrase we hear often – not unsurprisingly. But with a funeral prepayment plan, you can actually use one to influence the other, – entirely for your benefit.
Planning ahead can be done at any time but we find that as the tax year‐end approaches, enquiries for our prepayment plans start to rise. And it’s no wonder when you consider that last year an average UK funeral service costs £4,417, up 55% on the figure a decade before.
So where are the savings? Once you have decided what type of funeral you want, your funeral director will prepare an estimate based on today’s prices. William Purves prepayment plans ringfence the funds and fix our professional fees. This means our costs are fully guaranteed, so no
matter how much prices rise in the future, you will get the service you have chosen.
However, a funeral bill is made up of other elements too: the crematoria or cemetery fees, flowers, newspaper notices, venue and officiant fees just to name a few. These third‐party costs are not controlled by us, so we ensure our plans factor in an allowance to cover them. The funeral
service total varies from person to person, just as funerals differ to reflect what you want.
So, when the ISA deadlines loom, or we are near the tax end‐year, we find couples buying plans for themselves, for elderly parents, and for other dependents. Not only is their money safe and secure, they’re removing the burden of decision making from their loved ones at an already difficult time.
Finally, we’re often asked how our plans differ from insurance policies or over 50’s plans. Put simply, any savings you have access to can be put towards a funeral. A funeral prepayment plan will have been costed by experienced funeral directors who know what things cost to ensure you
get what you want. The ability to fix our professional fees, plus the allowance for the other elements you may want, mean you are as covered as you can be. And in the rare situation when a family actually spends less than the plan value, it’s possible for us to refund families the difference – and that always brings on a rue smile.
It doesn’t cost anything to have a conversation, but to get the funeral you want, while saving money at the same time ‐– well, that’s priceless.
Call us today on 0131 447 5858 to find out more about our free plans of wishes or funeral prepayment plans. Or you can view our advice for planning a funeral here. Whether it’s our free Plans of Wishes or a prepayment plan you want, we’re here for you when you need us the most.