'Spend taxes on funerals', Cost of Dying report urges

Basic funeral costs £4,271

Adam Saville
clock • 2 min read

SunLife report finds funeral directors want government contribution to funeral costs

The basic cost of a funeral should be covered by tax or national insurance, much like the NHS or pensions system in the UK, the latest Cost of Dying report from SunLife has suggested. Interviews with funeral directors revealed that - in an ideal world - costs covered by government contributions would be supplemented by a funeral policy owned by the deceased or their family should they want a more expensive funeral. Only 2% of the UK gets help from the government. Despite this, one in eight people suffer ‘notable financial concerns' when paying for a loved one's funeral, the SunLife re...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Regulation

ABI names Phoenix Group CEO as president

ABI names Phoenix Group CEO as president

Succeeds Zurich’s Tim Bailey

Jaskeet Briah
clock 26 February 2025 • 1 min read
FCA reconsidering ongoing advice services rules as review findings revealed

FCA reconsidering ongoing advice services rules as review findings revealed

Advisers delivering suitability reviews in ‘vast majority’ of cases

Jen Frost
clock 24 February 2025 • 2 min read
IPT up to £7.6bn in 24/25

IPT up to £7.6bn in 24/25

£853m in January 2025

Cameron Roberts
clock 21 February 2025 • 1 min read