MyMoney is a service that turns the fees and commissions you pay, into cash back. At the moment you probably pay various fees on your money which are used to pay commissions. If you have:
Managed Investment funds
Cash Management Funds
Superannuation or Pension funds
Now with MyMoney, you can get these fees refunded to investor as monthly cash payments. For many Australians, there are hundreds and even thousands of dollars that they can recover. The MyMoney Estimator can give you an idea of your annual cash refund within minutes. Put simply, MyMoney just gives you control over your commission payments. Generally, you cannot turn off these commission payments, but you can say where they should go, as long as they go to a holder of an Australian Financial Services licence. When you simply change your servicing adviser to MyMoney, we collect these commissions and pay them to the investor.
Affiliates earn AU$40 on sales.
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