Pre-paying a Funeral : Case Study
We at Tobin Brothers Funerals see time and time again, the benefits to families when their loved one has pre-arranged a funeral with a Fixed Price Funeral Plan.
At Tobin Brothers Funerals, we believe transparency around costs and pricing is yet another way that we can provide the highest level of care for our client families.
Ensuring that you are aware of all your options and the associated costs gives you the power to make informed decisions and can alleviate stress during what is already a difficult time.
Our Funeral Fee Proposal is designed to provide you with a quick overview of costs for the essential elements of a funeral service.
This gives you peace of mind as to what to expect when planning a funeral in terms of costs and options available, and allows you to start the planning process on your own terms.
The cost of a funeral will essentially reflect the personal, cultural, and financial needs of your family, and the choices you make. Tobin Brothers Funerals has a flexible pricing structure, which allows families to choose from a range of services and options.
There are generally three main costs associated with a funeral.
Tobin Brothers Professional Service fee incorporates the various tasks and services typically involved in arranging, planning and conducting a funeral.
Our Professional Service fee includes:
Our Professional Service fee excludes:
These consist of the monies paid out by Tobin Brothers on your behalf to other parties in order to carry out the funeral in accordance with your instructions.
These include payments for:
GST is payable on all Tobin Brothers fees and the supply of most related products and services.
Download our Goods and Services booklet for detailed pricing breakdowns for your location.
There are many different types of services which all have their own associated costs and options.
At Tobin Brothers, we believe transparency is crucial in order to help families choose what is right for them.
Use the toggle switch to see different pricing options depending on your choice of venue.
The prices listed here pertain to funeral services held at a Tobin Brothers Chapel.
Tobin Brothers Chapel funerals include tea, coffee and biscuits, webcasting of the service and a Celebrated Moments Audio Visual Presentation – a professionally presented program of 40 photographs with music and text screened during the service.
All prices are GST inclusive and do not include third-party fees.
Funeral service in a Tobin Brothers Chapel followed by mourner attendance at the committal service (Cemetery or Crematorium).
Burial $8360.00
Cremation $8030.00
Funeral service in a Tobin Brothers Chapel with no mourner attendance at the committal (Cemetery or Crematorium).
Burial $7837.50
Cremation $7507.50
One service only in a Tobin Brothers Chapel.
Burial $7337.00
Cremation $6897.00
Funeral service in a Tobin Brothers Chapel followed by refreshments and then mourner attendance at the committal service (Cemetery or Crematorium) on the same day or next day.
Burial $8662.50
Cremation $8332.50
$7810.00
Services outside of these times will incur a $522.50 fee.
Burial $7474.50
Cremation $7144.50
This pricing is for services held outside of a Tobin Brothers chapel. This could be a church, cemetery chapel, or special location of your choosing. While our chapels are designed especially for the highest standards of funeral service, our staff are able to help you arrange a location that is most fitting to the needs of your family.
All prices are GST inclusive and do not include third-party fees.
Funeral service in an External Venue (e.g. Church) followed by mourner attendance at the committal service (Cemetery or Crematorium).
Burial $8140.00
Cremation $7810.00
One service at the point of committal (Cemetery or Crematorium).
Burial $7727.50
Cremation $7397.50
One service at the point of committal (Cemetery or Crematorium).
Burial $7227.00
Cremation $6897.00
Funeral service in an External Venue (e.g. Church) followed by refreshments and then mourner attendance at the committal service (Cemetery or Crematorium) on the same day or next day.
Burial $8442.50
Cremation $8112.50
Includes unstained particle board coffin (not present at the service).
No mourner attendance at the committal (Cemetery or Crematorium)
$7810.00
The Basic Service is essentially a committal without a public funeral service or mourners at any point. We will take your loved one into our care, provide mortuary services, submit all paperwork and arrange for the committal.
Basic Service $3492.50
The Ottimo Service is a comprehensive package that meets the specific needs of the Italian Community, providing a range of services that might otherwise be added as extras.
In addition to our general services, found in the Professional Fees section of our Good and Services guide, the Ottimo service includes:
Burial $9762.50
Cremation $9432.50
* Includes use of 1 x Premium Funeral Coach and 1 x hearse if required for funeral and rosary.
** Total allowed for Death, Funeral and Memorial Mass notices is $330. You will be invoiced for additional costs exceeding this amount.
Tobin Brothers aims to provide transparent pricing and funeral guidance via information and tools such as the Funeral Fee Proposal on this website, the downloadable Goods and Services booklet, and through information provided by our staff.
To ensure the best outcomes for families and fairness across the industry, we encourage you to ask about pricing and any other matters they are unsure of before committing to any service.
Please call our Funeral Advice Line on 13 19 34 to discuss funeral costs or any other queries you may have.
A Pre Paid Funeral is any funeral that is paid for in advance.
While a Fixed Price Funeral Plan is a pre-paid funeral, the term pre-paid is sometimes used when referring to funeral bonds and insurance products, though these differ considerably in how they function.
With funeral insurance, the idea is that you are paying for your funeral to be covered in the event of your death, however, limitations in your coverage or any lapses in payment may render you liable for further costs. For this reason we do not consider this a ‘pre-paid funeral’ as such.
Another option that can fall under the ‘Pre Paid Funeral’ banner is funeral bonds, which allow you to invest money for the purpose of paying for your funeral in the future.
While it is a great idea to plan your funeral ahead of time for many reasons and funeral bonds provide funds for future funeral expenses, there is no guarantee that these funds will cover the full cost of the funeral, due to inflation or poor returns.
A Fixed Price Funeral Plan means a fixed amount is paid now, for a funeral in the future, with no further costs incurred despite any price increases in the future.
An either/or contact allows for a couple to provide for the cost of the first funeral, thereby alleviating financial burden on the surviving partner.
No, it should not affect your payments, As the investment cannot be accessed, it cannot be used to generate income for you.
A Fixed Price Funeral Plan will not affect any pension payments and is not subject to the Income or Assets test.
Some clients find that investing funds in a Fixed Price Funeral Plan is an effective way to reduce their financial assets if required.
Speak to Centrelink or Services Australia for more information regarding your personal situation.
Fixed Price Funeral Plan (Assigned Investment)
The Funeral service is accurately priced and the total amount is invested.
The investment is assigned to Tobin Brothers Funerals, who receive the interest to offset ongoing Funeral cost increases.
When death occurs, the Funeral is conducted.
If the funds are not sufficient to meet the cost of the Funeral there is no extra charge to the executor or family.
An assigned Funeral bond, pre-purchased cemetery plots and cremation deeds are exempt from the Assets test regardless of their value.
Funeral Bond (Unassigned Investment)
You may invest an amount to meet Funeral expenses, and you receive the interest on those funds.
A specific Funeral Director is not selected, nor are specific Funeral arrangements made.
When death occurs, the investment is paid to the executor to contribute to the Funeral expenses.
If sufficient funds were not invested initially or the investment does not perform reasonably, the executor or estate is liable for any shortfall in funds.
An unassigned Funeral bond is only exempt from an assets test up to the value specified by Centrelink.
(Refer to the www.centrelink.gov.au)
Centrelink must be informed if a Funeral bond is taken out, no matter how much is invested.
It is strongly recommended that you read the fine print carefully before contributing to Funeral Insurance.
Please see our article about Funeral Insurance Pitfalls for more information.
As we approach 100 years of business, this scenario seems less and less likely. However, should Tobin Brothers cease to operate for any reason, another Funeral Director would fulfil the Funeral Service obligations as the funds are securely invested with an impartial investment institution in your name.
You can always look to our blogs section for more information about Fixed Price Funeral Plans and other funeral related information.
Further independent information can be obtained from the Australian Security Investments Commission (ASIC) website.
A Pre Paid Funeral is any funeral that is paid for in advance.
While a Fixed Price Funeral Plan is a pre-paid funeral, the term pre-paid is sometimes used when referring to funeral bonds and insurance products, though these differ considerably in how they function.
With funeral insurance, the idea is that you are paying for your funeral to be covered in the event of your death, however, limitations in your coverage or any lapses in payment may render you liable for further costs. For this reason we do not consider his a ‘pre-paid funeral’ as such.
Another option that can fall under the ‘Pre Paid Funeral’ banner is funeral bonds, which allow you to invest money for the purpose of paying for your funeral in the future.
While it is a great idea to plan your funeral ahead of time for many reasons and funeral bonds provide funds for future funeral expenses, there is no guarantee that these funds will cover the full cost of the funeral, due to inflation or poor returns.
A Fixed Price Funeral Plan means a fixed amount is paid now, for a funeral in the future, with no further costs incurred despite any price increases in the future.
Fixed Price Funeral Plan (Assigned Investment)
The Funeral service is accurately priced and the total amount is invested.
The investment is assigned to Tobin Brothers Funerals, who receive the interest to offset ongoing Funeral cost increases.
When death occurs, the Funeral is conducted.
If the funds are not sufficient to meet the cost of the Funeral there is no extra charge to the executor or family.
An assigned Funeral bond, pre-purchased cemetery plots and cremation deeds are exempt from the Assets test regardless of their value.
Funeral Bond (Unassigned Investment)
You may invest an amount to meet Funeral expenses, and you receive the interest on those funds.
A specific Funeral Director is not selected, nor are specific Funeral arrangements made.
When death occurs, the investment is paid to the executor to contribute to the Funeral expenses.
If sufficient funds were not invested initially or the investment does not perform reasonably, the executor or estate is liable for any shortfall in funds.
An unassigned Funeral bond is only exempt from an assets test up to the value specified by Centrelink.
(Refer to the www.centrelink.gov.au)
Centrelink must be informed if a Funeral bond is taken out, no matter how much is invested.
Funeral costs can vary widely, but the average funeral in Australia can range from $4,000 to $15,000 or more, depending on various factors like location and services chosen.
The Tobin Brothers Professional Service Fee incorporates the various tasks and services typically involved in arranging, planning and conducting a funeral and includes our 24 hour availability, 7 days a week, to assist our client families.
Our Professional Service fee includes:
*This is not included in our service fees for Ballarat, Echuca, Corowa, and Wodonga.
Funeral costs can vary widely, but the average funeral in Australia can range from $4,000 to $15,000 or more, depending on various factors like location and services chosen.
Because there are so many styles of funerals, there is no one answer to that question. In general terms, a funeral that is more elaborate will cost more than one that is simple in its structure.
When a Funeral Planner meets with a client family they discuss the different options that are available, and it is up to the client family to select the most appropriate options to meet their needs.
It is normal for the cemetery or crematorium costs, and the various disbursements (such as doctors fees, clergy or celebrant fees, registration costs, press notices, flowers, etc.) to be included in the one account, along with the funeral company fees.
Should you wish to obtain a fee proposal please see our Fee Proposal.
There are generally 3 main components associated with the cost of a funeral:
1. Professional Service Fee - The Funeral Director’s fees
2. Third Party Fees - fees paid on behalf of the family to the cemetery or crematorium, clergy or celebrant, florist, caterer, coffin or casket, celebratory or personalisation options such as memorial book, print or audio visual, newspaper notices etc.
3. GST - A personalised cost estimate can be arranged by contacting our Funeral Advice Line on 13 19 34 or requesting a Funeral Fee Proposal.
The Tobin Brothers’ Professional Service Fee incorporates the various tasks and services typically involved in arranging, planning and conducting a funeral and includes our 24 hour availability, 7 days a week, to assist our client families.
Our professional service fee includes the following:
We at Tobin Brothers Funerals see time and time again, the benefits to families when their loved one has pre-arranged a funeral with a Fixed Price Funeral Plan.
At Tobin brothers Funerals, we want you to be as informed as possible when making decisions around funerals and finance.
There are a few ways you can go about paying for a funeral. We aim to help alleviate stress and bring clarity during this challenging time.
If it’s legal, it’s possible. Let us help you create a service that truly reflects and celebrates the life of your loved one.
The first funeral conducted by Tobin Brothers Funerals was for Ena Margaret Price in 1934. In its first year, the company conducted 53 funerals and after the payment of creditors and the collection of debts, it made a modest profit.