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Centrelink Threshhold increased to $12,500 for funeral bonds

As from 1 July 2016 the maximum allowable amount, for a funeral bond to be classified as an Exempt Asset for Centrelink and DVA pensioners, will be increased to $12,500 from $12,250. No more than two funeral bonds can be held and the $12,500 limit will also apply to jointly held funeral bonds.