Funeral Fund

 

Plan for the Future

Did you know the basic cost for a funeral today, provided by any funeral service company in most cases is over $10,000.

This is a significant amount of money and for many people, the death of a loved one can be a time of great added stress, as they struggle to meet this financial burden.

You can have absolute “security and peace of mind” that your loved ones will be relieved of this stress and burden in the future by opening a CDF Funeral Fund today.

The CDF Funeral Fund assist you to save now, to meet the cost of your own funeral in the future.

You have maximum choice…

  • You choose how much you want to save
  • You choose when you will save – weekly, monthly, annual or an up-front lump sum amount
  • You choose which funeral service company you want.

Opening a CDF Funeral Fund is easy – call us today and we’ll help you provide for tomorrow

Benefits of CDF Funeral Fund

  • A CDF Funeral Fund may be opened with as little as $50
  • All CDF Funeral Funds attract interest which is compounded 6 monthly
  • Once deposited, funds lodged in a CDF Funeral Fund cannot be withdrawn for another purpose
  • You may open an individual or a joint Funeral Fund with husband and wife.
  • CDF Funeral Fund has no fees or charges

Opening a CDF Funeral Fund helps you by:

  • Relieving your family of stress and burden at a difficult time
  • Ensuring that your contribution will not affect your pension or taxation position

It also provides you with absolute peace of mind.

The CDF Funeral Fund is operated by the Catholic Development Fund (CDF) and all deposits are guaranteed by the Roman Catholic Archbishop of Perth – so you can be sure your investment is in safe, secure hands.

For further information or any queries, please call one of our friendly staff or email us and we will be glad to assist you.

Contributing to your CDF Funeral Fund

  • Under the Social Security Act 1991 the maximum principal allowed in CDF Funeral Funds: $13,250 from 1 July 2019.   This amount is indexed in line with CPI pension increase every 1 July.
  • For more information and updates, see humanservices.gov.au and search “Funeral Funds”.
  • Initial and lump sum contributions can be made by cheque in favour of The Roman Catholic Archbishop of Perth – Catholic Development Fund”
  • For weekly, monthly or annual contributions to your CDF Funeral Fund, a Direct Debit Request (DDR) must be completed before CDF can transfer funds from your external bank account.

Release of funds

  • Monies in a Funeral Fund cannot be surrendered during a person’s lifetime.
  • Payment will be made directly to the funeral service company on receipt of the funeral service company’s tax invoice.  In most cases, this is the same day it is received. It is understood that discounts are often available when the tax invoice is paid promptly.
  • The payment of the tax invoice will be up to the balance of your CDF Funeral Fund.
  • Any funds remaining will form part of your estate.
  • If there is not enough in your CDF Funeral Fund to pay the funeral expenses, it is the family’s responsibility to pay the difference.