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Ways to pay towards your funeral cost

With deposit payments from My Farewell Wishes, you can contribute towards the cost of your funeral. You can choose how much you would like to pay. Your payments are called “deposits” because funeral costs may rise between the time that you receive your estimate and the time of your funeral, and your estate may have to pay a balance.

There are two payment options - choose the one that's right for you.

OR

Pay a deposit

An amount of your choice can be paid by cheque or bank draft, credit or debit card. You may choose to pay a deposit equal to the total of your Present Day Funeral Cost Estimate. You may also agree with your funeral director to pay a deposit above the Present Day Funeral Cost Estimate in order to create a provision towards future price inflation.

Spread the Cost
(available in 2023)

You can agree a total deposit amount that you would like to spread with monthly payments by direct debit. A deposit of €500 is paid in the first month by cheque or bank draft, credit or debit card, with the subsequent payments spread over the rest of the term. A payment schedule can be provided by your funeral director.
It is likely that prices will increase and your estate will have to pay an additional amount at the time of your funeral. Any payments that you decide to make above the Present Day Funeral Cost Estimate will be offset against future price inflation. However, this does not constitute a price guarantee. The My Farewell Wishes Administration Fee will be deducted from your first payment.

Your money is secure and safe

The money you prepay is held by an independent trust called the My Farewell Wishes Trust, until it is needed. My Farewell Wishes Trust is managed independently by Independent Trustee Ltd., a corporate trustee company authorised by the Minister of Justice to carry on business as a Trust or Company Service Provider (TCSP) and a Trust Corporation pursuant to the Succession Act, 1965.
The amount that you pay in deposit payments will be guaranteed by your funeral director, to be offset against your funeral cost.

Due to inflation over time, the amount you pay to the Trust may not cover the cost of your funeral. You can choose to make top-up payments to the Trust or your family or estate can simply arrange with your funeral director for the payment of the balance. You can also agree with your funeral director to pay a deposit above the present-day funeral cost estimate to create a provision towards future price inflation.