The Independent Way Plus Funeral Plan

Tailor Made Plans

For many people, planning their funeral has become an established way of looking at the future, just like making a Will.

Tailor Made Plans

More than a million people in Great Britain have taken out a funeral plan, over 400,000 of them with Golden Charter. Usually, they have known the grief of bereavement and don’t want their families to go through the stress of making arrangements. Many have established a relationship of trust with their local family funeral director. Who better to advise them on such a sensitive topic and assist them with all the details?
We believe that the Independent Way Plus Funeral Plan, which is available only through independent funeral directors such as ourselves, offers you significant advantages over other plans. The following pages explain the reasons why.

Planning your funeral the Independent Way

With the Independent Way Plus plan, we will make sure that your loved ones will be spared much of the stress and uncertainty of organising a funeral. You’ll have specified every detail in advance and taken care of all the costs that are within our control. Plus, you have the option to include a Simple Will within your plan to make sure that all your wishes are known.

A guarantee that covers all our services

No matter how much our services may rise in cost in years to come, once your plan is fully in place, neither you nor your loved ones will be asked for a penny more for them. It’s a guarantee that gives you peace of mind. You can be assured that your family will be spared what could be a financial worry.

There are some costs that we are obliged to pay on your behalf. These third party costs include the charges of cemeteries and crematoria, as well as the fees of clergy or officiants and the costs of newspaper notices and memorials. The amount of this expenditure is not within our control and may require a further payment at the time of need.

A sound financial decision

When you take out an Independent Way Plus plan, you have the reassurance that your money is protected. You select how you wish to pay for your plan and, depending on your choice, your money is paid into the Golden Charter Trust or to one of the UK’s leading life assurance companies.

Your money grows and, when the time comes, we receive the payment, including any growth, and use this money to provide the agreed services to your family. No matter how much costs have risen in the intervening period, your loved ones will not be asked for a penny more for the guaranteed services included within your plan.

The Golden Charter Trust

The Board of Trustees has appointed a wide panel of Fund Managers who invest the funds in a cautious and balanced manner. Barnett Waddingham of Glasgow, the consulting actuaries, appraise the Fund performance regularly.

Protection against rising funeral costs

mintel graphBack in 2004, an average funeral cost around £1,920. However, recent research† shows the average cost of a funeral in the UK is now £3,609 - an increase of 88% in ten years, well above the general level of inflation. If this trend continues, the average cost of a funeral in 2024 will be over £6,800.

Paying in advance for your funeral is a sensible decision that will save money, benefiting your family or estate. We guarantee that, as long as your plan is paid for, there’ll be no more to pay for the services within our control.

A real alternative to saving

We believe a funeral plan offers a better option than saving for your funeral. In 2004, if you had put £1,920 (then the average cost of a funeral*) into a building society, you would have seen it grow to only £2,168.91** over the next 10 years.

However, with the average cost of a funeral now £3,609*, your family would have to find an additional £1440.09, at a very difficult time.

customer quote

Your wishes fulfilled by a proven partnership

Most people don’t want to think about arranging their own funeral. That’s natural. But there is some quiet satisfaction to be gained from putting your affairs in order and reflecting on the most appropriate arrangements.

Many personal decisions have to be made. Your wishes are special – and you can be sure we will carry them out to the letter in association with Golden Charter, a British-owned and run company.

Funeral directors’ services typically include:
• Professional charges. These represent a high proportion of a funeral director’s costs and include making all arrangements for cremation or burial.
• Conveyance of the deceased from the place of death to the funeral director’s premises, a chapel of rest or other suitable location.
• Caring for the deceased and attending to the hygienic preparation necessary to allow viewing, if requested by family or friends.
• Advice on the certification and registration of death and related documentation
• Provision of a hearse and other funeral vehicles
• Advice on bereavement counselling

A balanced approach to third party costs

Third party costs are not within our financial control. These expenses include the fees for the cemetery, crematorium, and clergy or officiant, which will be costed at today’s prices in your plan.

Your payment is held with a view to maintaining a level of growth at least equivalent to the increases in inflation. However, if at the time of the funeral, the increase in the third party costs is greater than the growth, we would have the option to approach the family for an additional amount.

Third party costs may include:
• Crematorium fee
• Clergy/officiant’s fee
• Purchase of grave or lair
• Cemetery fee: the opening of an existing or new grave for burial or interment of cremated remains
• Hire of church or other venue
• Fees of organist or soloist
• Memorial, such as a headstone, entry in abook of remembrance or planting of a tree
• Catering, floral tributes and newspaper announcements

Optional Will included in you plan

When arranging your funeral plan, it’s a good idea to make sure you have a Will in place and that’s it’s up to date- that’s why you have the option of a Simple Will to be included within your plan. A Will lets you safeguard the important things in your life, for the people you love. It allows you to specify who inherits your money, property, possessions, personal mementos or charitable donations. Even if you already have a Will, it’s important that it reflects current circumstances. If you already have an up to date Will, you may wish to gift the Will to a friend or family member.

Why there is a plan administration fee

It is necessary for a one-off plan administration fee to be applied to the cost of every plan. This fee covers all of Golden Charter’s costs in setting up the plan, the work involved in the preparation of the funeral arrangements and our appointment as your selected funeral director.

The Funeral Planning Authority

Funeral Planning Authority logoGolden Charter is a Registered Provider of Funeral Plans and complies with the Rules and Code of Practice of the Funeral Planning Authority. Non-compliance with these Rules may render Golden Charter liable to disciplinary action by the Funeral Planning Authority.

Recommendations and approvals

The National Society of Allied and Independent Funeral Directors

SAIFGolden Charter is the only funeral plan provider recommended by the National Society of Allied and Independent Funeral Directors (SAIF), which serves independent funeral directors nationwide.