{
  "api_version": "2.0",
  "url": "https://retirementwealth.com.au/api/v2/figures/funeral_bond_allowable_limit.json",
  "schema": "https://retirementwealth.com.au/api/v2/schema/api.json#/$defs/figure_file",
  "docs": "https://retirementwealth.com.au/data/",
  "publisher": "retirementwealth.com.au",
  "scope": "Retirement Wealth provides selected factual information about Australian retirement rules and rates. It does not provide personal or general financial product advice or recommend financial products. Summaries may not cover every condition or exception. Check the linked official sources and obtain advice appropriate to your circumstances before making financial decisions.",
  "figure": {
    "id": "funeral_bond_allowable_limit",
    "former_ids": [],
    "label": "Funeral bond allowable limit",
    "category": "age_pension",
    "category_label": "Age Pension",
    "concept": "age_pension.assets_test.funeral_bond_allowable_limit",
    "kind": "threshold",
    "dimensions": {},
    "value": 16250,
    "display_value": "$16,250",
    "unit": {
      "code": "AUD",
      "plain": "Australian dollars",
      "quantity": "money",
      "currency": "AUD",
      "per": null,
      "per_amount": null,
      "ratio_divisor": null
    },
    "ratio": null,
    "effective_from": "2026-07-01",
    "effective_from_basis": "value",
    "validity": {
      "from": "2026-07-01",
      "to": null,
      "basis": "value",
      "status": "in_force"
    },
    "applies_by": null,
    "resets": "1_july",
    "review_dates": [
      "07-01"
    ],
    "source": {
      "title": "Funeral bonds and prepaid funerals",
      "publisher": "Services Australia",
      "url": "https://www.servicesaustralia.gov.au/funeral-bonds-and-prepaid-funerals?context=22526",
      "type": "primary"
    },
    "verification": {
      "status": "verified_primary",
      "checked_on": "2026-10-11"
    },
    "notes": "A funeral bond is not counted in the assets test where the amount invested is under this limit and the person does not also have prepaid funeral expenses. Services Australia says the value of up to 2 bonds can be left out on this basis, that a jointly owned bond has the same limit, and that the Department of Social Services reviews the limit on 1 July each year.",
    "conditions": [
      {
        "text": "A funeral bond is not counted in the assets test where the amount invested is under this limit and the person does not also have prepaid funeral expenses."
      }
    ],
    "exceptions": [],
    "caveats": [],
    "legal_basis": [],
    "derivation": null,
    "related": {
      "same_concept": [],
      "inputs": [],
      "used_by": []
    },
    "upcoming": [],
    "first_published": {
      "release": 10,
      "recorded_at": "2026-10-11T09:51:15Z"
    },
    "last_changed": {
      "release": 12,
      "recorded_at": "2026-10-13T08:24:56Z"
    },
    "cite_as": "Funeral bond allowable limit: $16,250, applies from 1 July 2026. Official source: Services Australia, Funeral bonds and prepaid funerals (last checked 11 October 2026). Retirement Wealth, https://retirementwealth.com.au/rules/age-pension/funeral-bond-allowable-limit/",
    "links": {
      "self": "https://retirementwealth.com.au/api/v2/figures/funeral_bond_allowable_limit.json",
      "page": "https://retirementwealth.com.au/rules/age-pension/funeral-bond-allowable-limit/",
      "current_value": "https://retirementwealth.com.au/api/v2/figures/funeral_bond_allowable_limit/2026-07-01.json"
    },
    "timeline": [
      {
        "value": 16250,
        "display_value": "$16,250",
        "ratio": null,
        "effective_from": "2026-07-01",
        "effective_to": null,
        "basis": "value",
        "status": "in_force",
        "source": {
          "title": "Funeral bonds and prepaid funerals",
          "publisher": "Services Australia",
          "url": "https://www.servicesaustralia.gov.au/funeral-bonds-and-prepaid-funerals?context=22526",
          "type": "primary"
        },
        "verification": {
          "status": "verified_primary",
          "checked_on": "2026-10-11"
        },
        "notes": null,
        "url": "https://retirementwealth.com.au/api/v2/figures/funeral_bond_allowable_limit/2026-07-01.json"
      }
    ]
  }
}