Prepaid funeral trusts

What is a prepaid funeral trust?

A prepaid funeral trust allows you to set money aside now to pay for your funeral expenses when you’re gone. The money is held in a specially created trust and when the time comes to use it, it is available immediately.

Why do I need a prepaid funeral trust?

A prepaid funeral trust is a great way to prepare for the future and make things easier on your loved ones by reducing financial stress during a difficult time.

Funeral costs generally start at about $4,000 and can go up to $10,000 or more depending on your wishes and your budget. With a prepaid funeral trust you can take comfort knowing that your funeral expenses are taken care of. This includes funeral direction and registration of death, costs of a casket and hearse, cremation or burial, headstone or plaque, flowers, a minister or celebrant, newspaper notices and the reception.

The money held in a prepaid funeral trust is locked away and can't be used for anything else. If you have $10,000 dollars or less in your trust, those funds are also exempt from asset testing for the Residential Care Subsidy.

How does a prepaid funeral trust work?

When you set up a prepaid funeral trust, you'll get a trust certificate to keep and you can record your wishes on this. You can review and update your wishes at any time - it’s also a good idea to capture these in your will too.

You can open your prepaid funeral trust with as little as $500 or more if you’d like. You, or anyone else, can add lump sums or make regular contributions at any time. The money is invested, earns interest and you’ll be sent an annual statement to keep you updated. View current interest rates online, or call us on 0800 371 471.

Once you’ve passed away, we’ll use the trust funds to pay for your funeral expenses and any money left over will be transferred to your estate.

How much does a prepaid funeral trust cost?

There is a small fee when your prepaid funeral trust is opened and closed - this is discounted if you already have your will or Enduring Powers of Attorney with us. Remember you’ll need at least $500 to contribute to set it up initially.

For full details please see our fees and charges.

Important information

Your prepaid funeral trust is held in accordance with the master trust deed – the Prepaid Funeral Trust Declaration of Trust 2017, dated 3 April 2017.

Read the Declaration of Trust (PDF 532KB).


Read how Public Trust helped Zoe and her family.

Get sorted today or speak to our experts

If you’re ready to make things easier for your loved ones with a prepaid funeral trust, complete our prepaid funeral trust application form (PDF 1215KB) and post or email it to us.

If you would like to find out more, our experts are here to help. Call us on 0800 371 471 or get in touch online to arrange an appointment.