You might find that the best option for you is a 12-month pre-payment plan because this can spread out the cost while typically avoiding additional administrative charges. There will also be options for paying through instalments at a rate that is manageable for you. Most funeral plans include options for one single payment that covers the entire cost in full, often at a discount. When it comes to payment plans for your funeral, you have lots of options and you should be able to find a company that suits your budget and preferred method of payment. In this scenario, your payments will be protected and your plan will be allocated to another local funeral director. Your provider might ask you to pay directly into a trust, which is a legal entity that is managed and audited independently.īy collaborating with the National Funeral Trust, these providers will guarantee that your money is secure even if your chosen funeral director can no longer provide their services, for example, if they have gone into liquidation. Some providers will take extra steps to demonstrate that your money is safe and being managed responsibly by working with the National Funeral Trust. Therefore, choosing a funeral plan company that is member of the FPA will ensure your money is secure. Through extensive checks and scrutiny, the FPA provides reassurance that FPA-registered providers will deliver the service you expect.
The UK’s regulator of funeral plans is the Funeral Planning Authority (FPA), an independent body with a Code of Practice that ensures providers are operating at high standards and looking after their customers’ interests properly. To be completely sure that your money is safe, it’s important to choose a plan provider that is regulated. Investing in a pre-paid funeral plan should give you the peace of mind that your funeral arrangements are taken care of, meaning your loved ones won’t have additional worries during a period of grieving when the time comes.