Funerals are deeply personal events, offering a chance for family and friends to come together to mark the final goodbye to a loved one. However, the rising cost of funerals in the UK can place a significant financial strain on those left behind.
At Resolve Financial Solutions, we regularly speak to clients who are concerned about the cost of funerals, either for themselves or for their loved ones. Understandably, no one wants to burden their family at such an emotional time. That’s why it’s important to plan ahead, understand your options, and consider practical ways to reduce funeral expenses without compromising on dignity or care.
The Rising Cost of Funerals in the UK
According to SunLife’s 2024 Cost of Dying report, the average cost of a basic funeral in the UK now stands at £4,141, an increase of nearly 5% on the previous year. This includes burial or cremation, professional fees, and the funeral director’s services but not extras like flowers, catering, or a memorial.
For many families, these costs come as a shock, especially if there’s been little to no planning in place. Fortunately, there are steps you can take to make the process more manageable, both emotionally and financially.
5 Ways to Keep Funeral Costs Down
1. Plan Ahead with a Funeral Plan or Savings Pot
One of the most effective ways to ease the burden on your loved ones is to plan ahead. Prepaid funeral plans allow you to fix many costs at today’s prices, and some also let you specify your wishes in detail. Alternatively, setting up a separate savings pot (or including funeral costs in your wider financial plan) can help make funds available when needed.
2. Consider a Direct Cremation
Direct cremation, also known as pure cremation, has grown in popularity in recent years. It’s a simple, no-frills service that involves the cremation of a loved one without a ceremony or attendees present. Families can then hold a memorial or celebration of life separately. Costs for direct cremations can start from as little as £1,000, making it a far more affordable option for many.
3. Shop Around for Funeral Providers
Just like any other service, funeral prices vary widely depending on the provider. Don’t be afraid to request quotes and compare packages. Some independent funeral directors offer very competitive prices, and many are happy to tailor their services to meet both your emotional and financial needs.
4. Limit Optional Extras
While flowers, luxury hearses, limousines, and order of service booklets can all add a special touch, they can also quickly increase the overall cost. Choosing more modest options, or omitting them entirely, can significantly reduce the bill while still allowing a meaningful farewell.
5. Use Existing Insurance or Investments
Reviewing whether the deceased had a life insurance policy, over-50s plan, or other investments can help cover some or all of the funeral costs. A financial adviser can help assess what’s available and how to access it, especially at a time when paperwork might feel overwhelming.
Additional Financial Support That May Be Available
If you or your family are on a low income, you may be eligible for help through the Government’s Funeral Expenses Payment (part of the Social Fund). This can help cover burial or cremation fees, travel, and some other costs. It doesn’t usually cover the full cost of a funeral, but it can ease the financial pressure.
Eligibility depends on whether you receive certain benefits, such as Universal Credit, Pension Credit, or Housing Benefit. You can find more details on the Gov.uk website.
The Rise of Pure Cremation in the UK
One notable trend in recent years has been the rise of Pure Cremation, a UK-based provider offering direct cremation services. Their model has resonated with many families who want a simple, dignified service without the stress or expense of organising a traditional funeral.
Pure Cremation offers transparent pricing, 24/7 support, and handles all logistics, from collecting the deceased to delivering the ashes. It’s a popular choice for those who value practicality, minimalism, or who wish for a more personal, informal celebration of life on their own terms.
For some, this is a decision made in advance; for others, it’s a way to manage costs after a loved one’s passing. Either way, it’s a growing option worth understanding as part of your end-of-life planning.
Funeral costs are rising, but the financial pressure doesn’t have to be overwhelming. By planning ahead, exploring more affordable options like direct cremation, and seeking guidance where needed, you can help protect your family from unnecessary financial stress at a time when emotional support should come first.
At Resolve Financial Solutions, we’re here to help you plan for life’s biggest moments, including those that are hardest to talk about.
To discuss your estate planning needs which can include setting aside funds to assist your loved ones with paying for your funeral, as well as what financial protection options are available to you in later life, please get in touch for a free initial consultation.
If you’d like support with estate planning, funeral savings, or understanding what financial protection you may need, please get in touch for a free initial consultation.
*Please note: The Financial Conduct Authority does not regulate estate planning. Protection plans typically have no cash in value at any time and cover will cease at the end of the term. If premiums stop, then cover will lapse.