Now you can include non-super assets in Plan for Retirement
Superannuation is a great retirement savings solution, but for some people, assets like an interest in a small business or an investment property form part of their broader plan for retirement.
Now you can include these assets in MoneyBrilliant’s Plan for Retirement feature. In fact any asset you add to MoneyBrilliant can now be included in Plan for Retirement. We’ve also made some enhancements to the Net Worth feature to allow assets and liabilities to be revalued.
Bonus Interest Reminders
Earning interest on your savings is hard these days. Banks make it even harder by making you jump through hoops to earn bonus interest. We’ll help you beat them at their own game by automatically calculating when your bonus interest period is over and whether you’ve made the deposits and withdrawals you need to make to earn your bonus interest each month. We’ll send you reminders to help make sure you earn your bonus interest. Bonus Interest reminders is a feature available to MoneyBrilliant Plus customers. You can get more information about Bonus Interest Reminders here or watch this short video.
Online Coaching Programs
In response to the COVID-19 pandemic we’ve created a new online coaching program. The COVID-19 Financial Survival Program is a short, sharp, 7 day program to help MoneyBrilliant customers adjust to the financial impacts of COVID-19. We’ll help them determine eligibility for income assistance like JobKeeper and JobSeeker and for other forms of assistance and relief across every category of expenditure. This new program joins our existing Financial Boot Camp and Spending Shakedown programs. We have also developed and made available a self service COVID-19 Financial Survival Kit for people want to work through the material themselves.
COVID-19 Response – over 1 million targeted insights to customers
As part of our response to COVID-19 we have now delivered over 1 million targeted insights to MoneyBrilliant customers to help them navigate the financial challenges of the pandemic. We continue to deliver insights to help people access government income assistance as well as financial relief from businesses. We’ve enhanced our Plan for Retirement feature to allow customers to model the impact making an early withdrawal from their superannuation and we’ve made a Mortgage Relief Calculator available to help people understand the real cost of doing things like pausing their mortgage repayments. We are strong supporters of these relief options but remain concerned that some customers will make decisions to access them without fully appreciating their “cost”.
This summary has been prepared by MoneyBrilliant Pty Ltd (AFSL 492711, ACL 493068). The information in this summary is of a factual nature only. We are not suggesting or recommending that you take any particular course of action in relation to any financial product or service. It does not take into account your personal circumstances or objectives. If you need financial advice or taxation advice you should seek advice from a licensed financial adviser or tax agent. You may also be able to access additional information from the websites of the Australian Securities and Investment Commission (ASIC) and the relevant product providers.