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Media Release by The Hon Mal Brough MP

Making money matters easier

The internet is the latest tool being used by the Australian Government to give financial assistance initially to pensioners and retirees, later expanding to cover families and other individuals.

Access to budget tools, information on options for saving and loan and investment strategies is now available through a new website, Moneymap, launched today by the Minister for Families and Community Services, Mal Brough.

"Many Australians are seeking quality financial resources and this website delivers an independent and easy to understand service, by providing free financial information and resources," Mr Brough said.

"Users can access income and expenses calculators, educational tools to help with personal investments, explanations of investment objectives and details on financial risks.

"An advantage of this website is the information provided is tailored to individual circumstances through the interactive questionnaire filled out by users. The result of the questionnaire explains what investment categories might suit the individual and where they can access more information.

"The Moneymap website, developed by the National Information Centre on Retirement Investments (NICRI), will deliver benefits to those simply looking to understand more about money and budgets and also those seeking to invest.

"Moneymap also features a large range of information sheets to simplify financial matters and features links to relevant websites such as government departments and consumer based agencies.

"All Australians want to achieve stress free financial security and, through this website, the Australian Government is delivering tools and information to help families and individuals realise this goal," Mr Brough said.

Moneymap can be accessed at Moneymapand more information on financial literacy is available from Understanding Money website .

NICRI is an independent body fully funded by the Australian Government to provide free information on planning and saving for retirement, investment options and effective use of financial resources in retirement.