How does it work?

You start the trust with $3,000, or more if you'd like. You can add lump sums or make regular contributions at any time. The money is covered by a government guarantee each year you will receive a statement for the year ending 31 March.

Once you pass away, Public Trust will apply the trust funds to your funeral expenses, and if there is money left over it is paid to your estate.

How does it work(continued)?

When you set up a pre-paid funeral trust, you'll get a trust certificate to keep with your papers and you can record your wishes on this.

You can review and update your wishes at any time. It is important that you set out your wishes in your Will as well.