There’s an investment you may not have considered that can achieve good returns, and it’s guaranteed that you’re going to need it one day: your funeral.

A 2023 study from Australian Seniors shows that the cost of funerals increased by 20 per cent between 2019 and 2023 with a basic burial funeral costing $18,652 and up to $5953 for a basic cremation funeral.

Funerals are becoming increasingly expensive, so its worth thinking about the costs early on.Credit: Louie Douvis

The money you spend on your funeral is exempt from pension and........

© The Sydney Morning Herald