At its simplest, a funeral plan allows you to pay upfront for your funeral so your relatives don’t have to cover the costs themselves - although they are allowed to pay for your funeral using money from your estate as soon as you die (and it's not subject to inheritance tax).
You can buy a funeral plan from either a funeral-plan provider or directly from a funeral director. You have the choice of either paying a lump sum or monthly instalments, usually over one to ten years. One-off payments usually range between £3,000 and £5,000.
What is covered by a funeral plan varies depending on the plan provider, so its important to check the details of the plan before you buy it.
It is important to remember that the cost of a burial plot is not usually included and neither are costs of flowers and catering.
Establish what you want from your funeral and then find the best plan that suits your needs, if you would like help on deciding the best option our advisers have experience in this area and would be happy to offer you advice.