You are here

Funeral bond threshold

The funeral bond threshold is an annually CPI indexed amount under section 59B of the VEA.  A person may have up to two funeral bonds treated as exempt assets.

The consumer price index (CPI) provides the official measure of inflation in Australia. The CPI measures quarterly changes in the price of a 'basket' of goods and services which account for a high proportion of expenditure by the CPI population group (i.e. metropolitan households).

An exempt asset is one that is disregarded when calculating the value of a person's assets under the assets test.  Examples of exempt assets include:

For a full legislative definition see section 52 of the VEA.



There is currently no content classified with this term.