January, 2015

Buy Your Time Against Funeral Poverty

To organise a burial for a spouse, a close family member or friend, can be a very difficult time for family. Is also an extremely expensive outlay, usually arriving at the worst possible time. Although surveys looking at the average cost of a funeral do vary, the University of Bath and Axa suggest that a funeral now costs £3,590 with the expectation that it will rise to £4,489 by the year 2019. Following the recession and the higher expenses for property purchases and university fees, funeral poverty is a phrase being used more often in 2015. The University claims that one in every seven people who had the unfortunate task of organising a funeral during the last four years, completed the task with considerable financial concerns, with an average shortfall of £2,371. This list below shows what a funeral costs in total and how this is broken down into its individual components (figures from Experian) Hearse £200 Mourner’s car £180 Oakleaf coffin £495 Professional services charge £918 Collection of body £127 Wooden cross on grave £46 Notice in newspaper £56 Catering and room hire for wake £400 Church fee £250 Grave digger’s fee £240 Hymn and service sheets £101 Organist £60 Removal and storage of existing headstone £345 Flowers £180 Cemetery fee & headstone inscription £494 Total funeral cost £4,092 From the people in the survey, 42% paid the bills from their savings and investments. 25% borrowed the money from friends and family while an incredible 22% used their credit card to help pay for some of the funeral costs, if not all. Where the finances are available, a prepaid funeral plan can ensure that the cost is fixed, whatever a funeral costs in the future. While providing great peace of mind for those that are left behind, a prepaid funeral allows people to understand what money they have left in their savings and investments. With payments being available monthly across a number of years or as a lump sum, prepaid funeral companies are trying to help individuals from the worries of meeting an extremely large financial bill, in the future. The data used in this article is available from the finance yahoo website. Related articles Why he’s making his own...

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Confusing the Cost of a Funeral

References to the funeral costs for a convicted child murderer may appear misleading or exaggerated if today’s Daily Mail is anything to go by. The newspaper is very annoyed today and judging by the many and varied comments, so are most of the readers who have cared or dared to leave a reply to the article written by Steph Cockroft. Here’s the link to the article; http://www.dailymail.co.uk/news/article-2925479/Child-killer-dubbed-Monster-Cannock-Chase-funeral-paid-Ministry-Justice-taxpayers-cash-used-buy-flowers.html Some facts will probably not be disputed; Raymond Morris, aged 84, died at HMP Preston in May, 2014, after spending 45 years in jail. He was found guilty of a seven-year-old child’s murder and suspected of two others. The taxpayer, the state, has funded the funeral costs of £2686, which includes £15 being spent on flowers, by the prison. The newspaper claims that the cremation fee was £751, £285 for the coffin, and £185 for the hearse. Further down into the article, they claim that the cost includes £1165 for the registration of his death. This figure is incorrect, but it may just be confusion and includes most of the costs for the cremation. The newspaper states that prisons are advised to pay up to £3000 towards reasonable funeral expenses, yet claim that pauper’s funerals are available for just £100. The reason these figures are misleading, are, when you consider that a funeral payment or bereavement payment are available, under certain circumstances. To read the details about funeral payments on the government website, you can click here; https://www.gov.uk/funeral-payments/overview The rules suggest that you can receive a funeral payment if you’re on a low income and need help to pay for a funeral that you’re arranging. The amount payable will depend upon individual circumstances and if the person qualifies by claiming in time; currently receives certain benefits or tax credits and meets the official rules connecting the relationship with the deceased The amount of money that may be paid out will help pay burial or cremation fees and exclusive rights to a burial in a particular plot. £700 is allocated for the funeral directors fees, flowers and the coffin. There is also an allowance for moving the body up to 50 miles within the UK. For anyone with a prepaid funeral plan, they may only receive help for items not covered by the plan. Alternately, you can visit this government website; https://www.gov.uk/bereavement which explains that if the husband, wife or civil partner has died...

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