U Ethical Funeral Fund Retail
A simple way to help cover funeral expenses for your family. Your investment and accumulated interest will be put towards funeral expenses with any remaining balances paid to your estate. And as with all our investment options you won’t lose money to entry, exit or transaction fees.
The Funeral Fund invests directly in the U Ethical Enhanced Income Trust - Wholesale, a diversified portfolio of cash and fixed-income securities.
- Investment and accumulated interest to be put towards funeral expenses
- Remaining balances paid to your estate
- No entry, exit or transaction fees
Who can invest?
Estimated up to 1.25% p.a. 1
Half yearly (30 June, 31 December)
Anytime by BPAY or recurring direct debit
The executor must present invoices or proof of payment for funeral expenses to U Ethical. Any remaining balances will be paid to your estate.
Maximum investment amount
Indexed annually (Check current amount)
Funeral Fund investments are exempt from the assets test. For more information, please see the Offer Document or the Social Security Law website
2 Feb 1997
1 No fees for establishment, contributions, redemptions or exit. From 4 July 2019, management fees are 1.25% p.a and recoverable expenses are 0.05% p.a. The Trust’s investment in the U Ethical Enhanced Income Trust - Wholesale is not charged any management costs.
Good Returns news
12 October 2021
Client case study: Federation University
"When COVID-19 hit there was a lot of uncertainty about what this would mean for our portfolio and thankfully U Ethical was quick to reach out and reassure us that we would be kept in the loop every step of the way," Chief Financial Officer, Richard Harris at Federation University.
U Ethical Funeral Fund Interest Rate History
|Effective Date of Interest Rate Change||Applicable Interest Rate (% p.a.)|
|10 January 2020||1.70|
|23 September 2019||1.90|
|1 July 2017||2.25|
|1 September 2016||2.40|
|1 February 2016||2.60|
|1 September 2015||2.80|
|1 April 2015||3.10|
|1 January 2015||3.35|
Indicative income rates are current as at date of publication and are subject to change. The trustee and issuer do not guarantee the repayment of capital or any particular income or distribution rates of its products.
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