Covid Guidance

A Sound Financial Decision

When you take out an Independent Way Plus Funeral Plan, you have the reassurance that your money is protected. You select how you wish to pay for your plan and your money is paid into the Golden Charter Trust. The Golden Charter Trust is a separate entity, run by an independent Board of Trustees, whose sole purpose is to manage the Trust’s funds.

Your money grows, and when the time comes, your selected funeral director receives the payment, including any growth, and uses this money to provide the agreed services to your family. No matter how much costs have risen in the intervening period, your loved ones will not be asked for a penny more for the guaranteed services included in your plan.

Transfer the Funeral Plan to anyone in your family

Although the plan is designed for your own use, it can be transferred and used for the funeral of a spouse or other family member (terms and conditions apply).

Should you wish to use your plan to arrange the funeral of a family member, we will make everything as simple as we can. If the funeral is to take place as planned, but for a different person, we will simply transfer the plan. There may be extra costs if the funeral arrangements differ from from those set out in your own plan. For example, if burial is chosen instead of cremation, if an additional limousine is required, or if the funeral takes place at a different location. You will be advised of any additional costs before the funeral takes place.

Protection against rising funeral costs

Back in 2004, an average funeral cost around £1,920. However, recent research† shows the average cost of a funeral in the UK is now £3,897 – an increase of 103% in 12 years, well above the general level of inflation†.

If this trend continues, the average cost of a funeral in 2026 could be more than £7,000*. Paying in advance for your funeral is a sensible decision that could save you money, benefiting your family or estate. We guarantee that, as long as your plan is paid for, there will be no more to pay for the services within our control.

A real alternative to saving

We believe a funeral plan offers a better option than saving for your funeral. In 2004, if you had put £1,920 (then the average cost of a funeral*) into a building society, you would have seen it grow to only £2,188** over the next 12 years.

However, with the average cost of a funeral now £3,897†, your family would have to find an additional £1,709 at a very difficult time.


† SunLife Cost of Dying Report 2016

* Projections by Golden Charter based on SunLife Cost of Dying research.

** Building Societies Association, average savings rates Jan 2004–Aug 2016. Past performance is not necessarily a guide for the future.

Supporting you along the way

Stibbards & Sons

If you wish to have a discussion with one of our funeral arrangers, please don’t hesitate to contact us. We can talk through yours and your loved one’s needs and discuss how we can best celebrate their life.