When someone we love dies, there can be a lot to think about in a short space of time. Alongside organising a funeral and making important decisions, families also need to manage the costs involved.
Even the simplest farewell comes with some expenses, and we regularly help families navigate funeral costs and explore options that fit their needs and budget. We’ve seen firsthand how much easier things can be when some of the financial planning has already been taken care of, giving families more space to focus on remembering and celebrating their loved one in a way that feels right for them.
We want everyone to feel informed, supported and free to make choices that reflect their wishes without finances dictating every decision. That’s why we’ve partnered with Christian Savings to offer a way to financially plan ahead.
Funeral Deposits: A Practical Way to Save for Funeral Costs
Christian Savings’ Funeral Deposit is designed to help you put money aside towards the cost of your own future funeral. You can start with a minimum investment of $1,000 and add to it over time, either through regular contributions or occasional payments when it suits you. The money earns interest while it is invested, and you can build the fund at your own pace. If you stop contributing, the amount you’ve already invested remains part of your estate.
Saving with a Wider Purpose
One of the things we like about Christian Savings is what happens to the money while it is invested. Christian Savings uses deposited funds to provide lending to churches and Christian charities around New Zealand, supporting projects in areas such as social housing, education and community services.
We like the idea that while you are putting money aside for your own family’s future needs, those funds are also helping support work happening in communities across New Zealand today.
Frequently Asked Questions
Why have a funeral deposit instead of keeping the money in a savings account?
When someone dies, their bank accounts are generally frozen while their estate is administered. While banks can sometimes arrange payment of funeral expenses directly, accessing funds may involve additional paperwork and delays. A dedicated funeral deposit is designed to make funds available quickly to help cover funeral costs, even before the estate has been finalised.
Will a funeral deposit affect my eligibility for the Residential Care Subsidy?
Under current New Zealand rules, up to $10,000 per person held in a qualifying funeral plan can be excluded from the asset assessment when applying for the government’s Residential Care Subsidy.
Do I have to use Windsor Funerals if I open a Funeral Deposit?
No. A funeral deposit allows you to prepare financially without committing to a particular funeral home or funeral package. You retain the freedom to make those choices when the time comes.
Do I need to be Christian to open a funeral deposit?
Despite the name, you do not need to be a Christian to open a Christian Savings Funeral Deposit. It is an option for anyone who would like to start putting money aside towards their funeral while knowing those funds are also supporting the work of churches and charities around New Zealand.
We’re Here to Help You Plan Ahead
Taking the time to plan ahead can make a meaningful difference for the people you love. At Windsor Funerals, we offer free, no-obligation pre-planning conversations where you can explore your options, talk about what matters to you and understand likely funeral costs.
We are happy to walk you through different ways to prepare for funeral expenses and connect you with Christian Savings if you are interested in this as an option.
Learn more about Christian Savings Funeral Deposits
Windsor Funerals provides information about funeral planning and does not provide financial advice. Christian Savings Funeral Deposits are investment products subject to risks and terms and conditions. We encourage you to read Christian Savings’ Product Disclosure Statement and seek independent advice from a licensed financial adviser before deciding whether this product is right for you.
