It makes perfect financial sense to pre-pay for your funeral but most of us just don't want to think about our own deaths. However, in recent years, funeral prices have increased in excess of inflation, mainly as a result of increased disbursement charges such as burial and cremation fees.
Tovey Bros, along with over 3000 similar independent family run funeral homes, offer Golden Charter Funeral Plans. We recommend Golden Charter, as we believe that they are the best funeral plans available. All monies are paid into the Golden Charter Trust, which is controlled in accordance with financial services regulations.
In the last 12 years, the average cost of a funeral has increased by an average of 103% in the UK to stand currently at around £3,897 according to the Mintel Report released in September 2016. If this trend continues the average cost of a funeral could be more than £7,000 by 2026. People are very keen to minimise their inheritance tax liabilities to ensure as much of their estate as possible goes to their families but here is one way of reducing the burden on loved ones left behind of which people are not taking advantage.