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Financial planningFuneral Bonds

Bendigo Bank Funeral Bonds

Pre-paid funerals help reduce financial concerns for your family and friends.

Funeral Bonds

The Bendigo Funeral Bond is a capital-guaranteed savings and investment plan that solely accumulates funds for your funeral expenses. Asset exemptions are also available from Centrelink that may help you maximise your pension.

Along with peace of mind for family and friends, Bendigo Funeral Bond offers:

  • One single or multiple contribution options - start with as little as $25* 
  • Payment options including direct debit, BPAY®, direct credit and cheque
  • You can set up a regular savings plan with direct debit either fortnightly or monthly
  • Capital-guaranteed investment and accumulated bonuses
  • Valuable Centrelink and Department of Veterans’ Affairs income and assets test exemptions
  • The bond can be for individual, joint bondholders or for a separate life insured
  • Low-risk investment strategy
  • Professional investment management and administration

Travel Protection plan

Bond holders also have the option of the Bendigo Funeral Bond Travel Protection Plan^, which covers transportation costs in the event of your death within Australia  –  70kms or further from your residential address.

It covers the cost of transporting your remains from the place of death to your funeral home, up to a maximum of $3,000. The funeral home must also operate within 70kms of your residential address.

You must be a permanent Australian resident aged 18 to 84 years to be eligible to apply for the plan. The cost is $150 per plan for both joint and individual cover.

Bond Performance

The Bonus Rate is paid annually and is capital guaranteed once declared. It is calculated after deduction of fees and charges (including tax).

The Funeral Bond Tax Benefit is a non-guaranteed supplementary amount that the Australian Friendly Society expects to pay as part of the funeral benefit payment. For more information, refer to the Termination Bonus section of the Bendigo Funeral Bond Disclosure Document.

The Total Return is the sum of the Bonus Rate and the Funeral Bond Tax Benefit.

30 June Bonus Rate Funeral Bond Tax Benefit Total Return
2019 0.735% 0.315% 1.05%
2018 1.02% 0.43% 1.45%
2017 1.30% 0.56% 1.86%
2016 1.40% 0.60% 2.00%
2015 1.50% 0.67% 2.17%
Note: these figures represent past performance only and are not necessarily an indication of future performance.

Are you maximising your pension?

On 1 January 2017 the Australian Government implemented changes to the assets test used to calculate pensions.

Investments of up to $13,250 (current threshold for the 2019-20 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 tests.

For more information on the changes to the pension assets test, please contact Centrelink, Department of Veterans' Affairs or your financial adviser.

Product is issued by Australian Friendly Society Limited

Want to know more about the Bendigo Funeral Bond?


Call Australian Friendly Society today


Visit the Australian Friendly Society website

At a branch

View our Coronavirus page for important information about visiting our branches.

*The minimum investment amount depends on the payment method, please refer to the Disclosure Document for details.
^You can access a copy of the Travel Protection Plan Disclosure Document here.

®Registered to BPAY Pty Ltd ABN 69 079 137 518

Sandhurst Trustees Limited ABN 16 004 030 737 AFSL 237906 (Sandhurst) is a wholly owned subsidiary of Bendigo and Adelaide Bank Limited ABN 11 068 049 178 AFSL 237879. Each of these companies receive remuneration on the issue of the product or service they provide. Sandhurst is the responsible entity and issuer of the managed funds available on this website, and is also the trustee and issuer of the Bendigo superannuation products. Investments in these products are not deposits with, guaranteed by, or liabilities of Bendigo and Adelaide Bank and are subject to normal investment risk, including possible delays in repayment and loss of income and capital invested. Before making an investment decision in relation to one of these products you should consider your situation and read the relevant Product Disclosure Statement available on this site.

Sandhurst is the issuer of the commercial lending products and the provider of any traditional trustee services available on this website. The Bendigo Funeral Bond (“the Bond”) is an investment product issued by Australian Friendly Society Limited (“the Society”), ABN 29 087 648 851 AFSL 247028, with benefits provided by the Society’s Funeral Benefit Fund established under Schedule 1, Rule E of its constitution and administered by Sandhurst. The Travel Protection Plan is issued by AIA Australia Limited ABN 79 004 837 861 AFSL 230043. The Society is associated with the Bank and its related entities. Neither the Bank nor any of its related entities guarantee the repayment of capital invested or the investment performance of the Bond. Information is correct at the date of this document and is subject to change.

The content on this website has been jointly prepared by Sandhurst and Bendigo and Adelaide Bank and contains general advice only. Advice in relation to superannuation and managed investment schemes is provided by Sandhurst and advice in relation to life risk insurance is provided by Bendigo and Adelaide Bank. It is provided as general information and must not be relied upon as a substitute for financial planning, legal, tax or other professional advice. The information is given in good faith and has been derived from sources believed to be accurate at its issue date. Neither Sandhurst nor the Bendigo and Adelaide Bank give any warranty for the reliability or accuracy or accept any responsibility arising in any way, including by reason of negligence for errors or omissions for the information contained on this website. The information contained on this website is subject to change without notice. Neither Sandhurst nor the Bendigo and Adelaide Bank has an obligation to update, modify or amend this website or notify you in the event that a matter of opinion or projection stated changes or subsequently becomes inaccurate.

Neither Sandhurst nor Bendigo and Adelaide Bank is responsible for the content of any other site accessed via this site. That information is the responsibility of the site owner. Links to other sites are provided for convenience only and do not represent any endorsement by Sandhurst or the Bendigo and Adelaide Bank of the products offered by the site owner.

Refer to the Bendigo and Adelaide Bank terms of use for information that governs this website.

Financial Services Guide

Bendigo and Adelaide Bank Limited, ABN 11 068 049 178 AFSL / Australian Credit Licence 237879. Any advice provided on this website is of a general nature only and does not take into account your personal needs, objectives and financial circumstances. You should consider whether it is appropriate for your situation. Please read the applicable Disclosure Documents before acquiring any product described on this website. Please also review our Financial Services Guide (FSG) before accessing information on this website. Information on this page can change without notice to you.

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