Funeral Savings Plan

Many members of the community, particularly the elderly, worry about saving for their own funeral and burial costs, either because they do not have any close family to take care of arrangements or because they do not want there to be a burden on their family in meeting these expenses.

Gardens of Peace are therefore offering a Savings Plan, to allow anyone concerned to save for these costs. The Plan operates as follows:

• Monthly / quarterly contributions by standing order or an annual payment to Gardens of Peace, subject to a minimum payment of £30 each time.
• Upon death, the burial and funeral costs applicable at that time will be applied. Any shortfall will need to be covered by the family of the deceased. Should there be any excess amounts in the plan, the balance will be refunded to the beneficiary stated in the plan.
• In January each year Gardens of Peace will issue a statement showing savings held to date at the end of the December month just ended.
• Gardens of Peace undertake to deal with the funeral and burial arrangements at one of its burial sites. Should space not be available at the time, Gardens of Peace take responsibility to ensure that the funeral will be conducted in accordance with Shariah and burial will be undertaken at the most appropriate burial site available at the time.
• All funds will be held in a separate designated bank account for added protection.

This Plan is appropriate for saving for funeral and burial costs in the Greater London & Essex area, where Gardens of Peace have burial sites.

Any monies saved under the Plan and not utilised, for example when death takes place elsewhere or the person no longer wishes to continue with the Plan, will be refunded to the plan holder / beneficiary stated in the plan, on request.