Calculation of Funeral Grant payment
To calculate the Funeral Grant payable, complete the following steps:
Step 1 - calculate the total assessable assets
Deceased person's assessable estate | $ _____ |
Add surviving partner or parents total assets | $ _____ |
Less asset exemption for surviving partner or parents | $ _____ |
Equals total assessable assets | $ _____ |
Step 2 - calculate balance of reasonable funeral expenses
Note Funeral Grant is not payable if the reasonable funeral expenses are less than the total assessable assets.
Reasonable funeral expenses | $ _____ |
Less total assessable assets | $ _____ |
Equals balance of reasonable funeral expenses | $ _____ |
Step 3 - calculate Funeral Grant payable
Compare the balance of reasonable funeral expenses to the maximum Funeral Grant. The Funeral Grant payable is the lesser amount.
