Why Is The Cost Of Death Rising?

Recent research has shown that the cost of death is soaring, with funerals becoming more expensive than ever before.

It is estimated that an average funeral now costs £4,000 and reports suggest that this largely down to the increase in basic charges being made by local councils, which have risen by as much as 30% across the UK. It has been suggested that councils are increasing their charges as part of a strategy to recoup money following years of cuts to their budgets.

In addition, some funeral director fees are rising above the rate of inflation. This combination could result in families struggling to pay for the type of funeral they want to provide for their loved one. Typically, half of burial costs go towards a coffin, a gravedigger and buying the lease for a plot, while a third of the cremation bill goes on the use of the crematorium and the service itself.

The report also highlights that burial costs vary significantly depending on where you live in the UK.

A funeral plan can avoid the uncertainty and is one less thing for your family to worry about.

If you would like more information about this service, please contact us.

30 January 2017

The views expressed in this blog do not in any way constitute advice and are specific to the date noted. As time passes the facts can change and readers should consult their adviser for up to date advice on any matters covered within the blog. Invest Southwest offers an initial review, which is free of charge, however long it takes. From this we will be able to confirm how we can help and give you an opportunity to decide if you would like us to. Thereafter, we will provide you with detailed recommendations and exact costs. Please note that we promise not to levy any kind of fee unless we can demonstrate a benefit to you.

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