Exempt Asset Limit increased to $13,000

July 27, 2018

Exempt Asset Limit increased to ,000

From 1 July 2018 the Funeral Bond exempt asset limit has been increased from $12,750 to $13,000. Funeral Bond holders can now have up to $13,000 of contributions in a Funeral Bond and the whole balance is exempt from the Age Pension asset and income tests. Conditions do apply, so contact KeyInvest or Centrelink for more information.

http://www.keyinvest.com.au/financial-services/products/funeral-bond

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