The Great British Funeral Scandal; how to avoid being ripped off on your deathbed

It is a national disgrace. Every year the cost of a funeral rises at an average of 8%, almost double the rate of inflation.

Yet despite this millions of people across the UK innocently chose to keep their funeral costs in a bank account, ready for the moment when it becomes necessary to use them.

But it is only when the family go to pay for their loved ones funeral that they realise the sum conscientiously squirreled away all those years ago now no longer covers even the basics of their cherished relative's chosen plan.

So how can you mitigate against this?

One of the best ways to avoid coming unstuck in this way is to take out a funeral plan that guarantees the cost of your funeral at today’s prices.

Instead of keeping the money saved in a bank account you can buy your funeral now and make sure that your family has no financial surprises further down the line.

Funeral plans are an incredibly effective way of saving money, as you fix your plan at today’s prices.

This protects yourself and your loved ones from the annual 8% average rise that will affect everyone else in the UK.

And when you consider that you may very well not have to use your funeral plan for another 10 to 20 years, the potential savings to be made can be quite astronomical.

A stress saver and a money saver

Of course saving money is not the only reason to take out a funeral plan. Many of the people we see choose a funeral plan because it takes a lot of the pressure off of their relatives at a time when they know that they will be grieving for their loss.

When taking out a funeral plan you will have the chance to discuss your wishes with the funeral plan provider, choosing everything from the order of service to the music and flowers.

This way you can get all of those difficult details out of the way and leave your family to spend that time looking after each other, rather than trying to decide all of these things amongst themselves.

What you need to know

You can talk to us about funeral plans and we will be happy to guide you through the whole process.

Once you have selected a plan it is important that you let a trusted family member know about it, so they can contact the funeral plan provider when the time comes.

You can buy a funeral plan through a registered provider or directly through your local funeral directors. Make sure that it covers all the costs of your funeral as some do not guarantee 3rd party expenses such as medical fees and newspaper notices.

All funeral plans are regulated by the Funeral Planning Authority (FPA) which was set up in 2002 after consultation with HM Treasury. It is important to make sure that your chosen provider is registered with the FPA.

If you would like to know more about funeral plans contact us today on 0800 29 88 66 1 and a member of our team will happily discuss them with you.

Don’t get caught out by these enormous annual increases. Take action and make sure that you enjoy your retirement safe in the knowledge that all of your final wishes have been taken care of.

Rebekah HillmanRebekah