- Pay debts in full, but if total debts are higher than the inheritance amount, 70% of inheritance is paid towards outstanding debt.
- Take 30% of remaining cash and place in a high-interest savings account and/or shares/investment account.
- If there’s no debt, then take 50% of the inheritance and place in a high-interest savings account and/or shares/investment account.
- After above priorities have been met, take 30% of the remaining amount and place in the children’s trust fund.
Media Release: New website launches with solutions to support Super funds
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Research shows that budgeting and cashflow management the top advice priority for younger Australians
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Moneysoft enters new partnership with Mortgage Choice
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Moneysoft expands footprint with Investfit and Xeppo integrations
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Moneysoft and IRESS XPLAN deliver a powerful combination
Curbing regulatory changeMaintaining and adhering to the regulatory compliance standards in Australia, means that Financial advisers face new challenges to deliver a quality service offering.Read more
Pay for technology but make sure it pays off for you
Moneysoft founder Peter Malekas believes in technology. He also believes technology vendors should pay their own way.Read more
Bringing tailored advice to the mass market using technology
Adele Martin, Money Mentor. Adele Martin, is transforming the advice industry, using technology to scale her business.Read more
With trust levels plummeting, it's time to get personal
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