Losing a loved one is one of the most challenging moments in life. The grief that comes with it can be overwhelming, and the last thing you want to think about is the financial burden of a funeral or cremation. Fortunately, there are options available to help you cover these expenses. One of these options is superannuation. In this article, we will explore the possibility of using superannuation to pay for a funeral or cremation.
Understanding Superannuation
Superannuation is a retirement savings account that employers in Australia are required to contribute to on behalf of their employees. It’s a long-term investment that aims to provide financial security during retirement. You can also make voluntary contributions to your superannuation account to increase your savings.
Can Superannuation Be Used to Pay for a Cremation Funeral?
Yes, superannuation can be used to pay for a cremation funeral. However, there are certain conditions that need to be met. To use your superannuation to pay for a cremation funeral you must be the beneficiary of the deceased’s superannuation fund. Additionally, the deceased’s superannuation fund must allow for funeral or death benefit payments.
How to Claim Superannuation to Pay for a Cremation Funeral
To claim superannuation to pay for a cremation funeral you must follow these steps:
- Check if the deceased had a superannuation account: The first step is to find out if the deceased had a superannuation account. You can check with their employer or the Australian Taxation Office (ATO).
- Check if you are the beneficiary: If the deceased had a superannuation account, you need to check if you are the beneficiary of the account. If you are not sure, you can check with the superannuation fund.
- Check if funeral or death benefit payments are allowed: You need to check if the superannuation fund allows for funeral or death benefit payments. If it does, you can proceed to the next step.
- Lodge a claim with the superannuation fund: To claim the funeral or death benefit, you need to lodge a claim with the superannuation fund. The fund will then assess the claim and determine if the benefit can be paid.
Benefits of Using Superannuation to Pay for a Cremation Funeral
Using superannuation to pay for a cremation funeral can provide some financial relief during a difficult time. It can help you cover the expenses without having to dip into your savings or go into debt. Additionally, if you are the beneficiary of the deceased’s superannuation fund, you may be entitled to other benefits, such as a lump-sum payment or ongoing income stream.
Why Choose Dignified Cremations for a Low-Cost Cremation
At Dignified Cremations, we understand the importance of affordable cremation options. We offer low-cost cremations starting at just $1190 to help ease the financial burden during a challenging time. Our streamlined procedures allow us to keep costs at an absolute minimum without compromising on the care we provide. We take pride in providing a five-point service guarantee designed to bring you comfort and confidence in the care we offer your loved one.
Losing a loved one is a difficult and emotional time. It’s important to explore all options available to help cover the expenses of a funeral or cremation. Using superannuation to pay for these expenses is possible, but certain conditions must be met. If you are the beneficiary of the deceased’s superannuation fund, you can lodge a claim with the fund to cover the costs. At Dignified Cremations, we offer affordable cremation options to help ease the financial burden during this challenging time. Our commitment to providing the best possible service ensures that your loved one is always in our care from the transfer from the place of death to the final journey to the crematorium.
You can call us at 1800-113-355 or fill out our online contact form. One of our experienced team members will be happy to answer any questions you may have and provide more information about our services.
