Milestone Money
Effortless Saving for Every Milestone.
Everyday Australians are facing significant cost of living pressures and have very little alternatives when looking to save money and build their wealth.
You can save money in the bank and earn interest that is lucky to keep pace with inflation
You can buy shares but struggle with minimum parcel size could lead to concentration into few shares meaning high volatility
You can invest in managed funds but will need to contend with minimum investment limits and potential illiquidity.
None of these are ideal. We have the solution…
We help you create your savings plan using your specific goals and timeframe you want to achieve them in.
By setting up a regular direct debit your contributions automatically set split into your specific goals which are invested according to the timeframe you aim to achieve them.
Just imagine having a solid plan in place and taking this off your To-Do list.
Let’s have a chat to help sort out your household budget and get you on track.
Important Documents: Before you join we encourage you to read our Financial Services Guide, Privacy Statement and Product Target Market Determination (TMD)
“Little by little, a little becomes a lot.”
— Tanzanian proverb
Want to learn more about Milestone Money? Reach out to us today!
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FAQs
What is Milestone Money?
Milestone Money is a personal finance tool designed to help you save towards specific goals effortlessly. By setting up your goals and making regular contributions via direct debit, Milestone Money automatically allocates funds to each goal according to your preferences.
How does Milestone Money work?
After setting up your goals you can commence contributing via direct debit, Milestone Money automatically transfers your contributions into your goals making saving organized and straightforward.
What happens if I miss a contribution?
If a contribution fails due to insufficient funds or another issue, Milestone Money will notify you, and you’ll have the option to resolve the issue or adjust your settings. Your goals will remain intact, but missed contributions may affect your goal timelines.
How can I track my progress towards my goals?
You can monitor the progress of your goals through the Dash app or website. We provide real-time updates on how much you’ve saved, how much remains, and any adjustments made to your goals.
How quickly can I access my money?
Each of the Milestone Money goals is comprised of only liquid investments meaning that redemptions can be made at any time. Withdrawals are processed as soon as they are received and may take up to 5 business days.
How do I set up my goals?
Setting up goals is simple! You can create goals through our app or website by specifying what you’re saving for (e.g., First Home, Car, Holiday, Wedding, etc.) and setting target amounts and deadlines. You can adjust these goals anytime based on your needs.
Are there fees associated with using Milestone Money?
Milestone Money offers a transparent fee structure. We charge a monthly nominal fee for our service, and there is an investment management cost for each option. There are no hidden fees or additional charges for setting up goals or making contributions.
Can I withdraw money from my goals before reaching the target?
You can request a withdrawal from your goals if needed. However, early withdrawals may impact your goal’s progress and could be subject to certain terms and conditions. Check our withdrawal policy for more details
Can I adjust my contributions or goals after setting them up?
Of course! You can add/remove your Goals, change the allocation to growth assets of your Goals, and adjust your regular contribution amount. Milestone Money is built with you in mind. We know your Goals may change and we can help you accommodate these changes. .
How do I make contributions?
Contributions are made through direct debit. Once you link your bank account to Milestone Money, you can set up a regular contribution schedule that suits your financial situation. Your contributions will be automatically deducted and allocated to your goals.
Is my money safe with Milestone Money?
Yes, your funds are secure with us. We use the Dash Wealth Simplifier platform to manage your investments. Your investments are kept in separate accounts to ensure they are only used for your designated goals.
Can I use Milestone Money if I live outside of Australia?
Yes, Milestone Money is available to residents outside of Australia. All investors are required to provide ID upon signing up.
What are you waiting for? Sign up today and let us help you take the first step to achieving your goals.
Rather than being called “Balanced’, ‘Growth’ etc. like you would typically see we name the investment options after specific goal you’re wanting to safe towards. First Home, New Car, Holiday, Wedding, Kids, Education, etc.
After the goal name we have a number (10, 30, 50, 70, or 90) which indicates the % allocation to growth assets (such as shares).
Investment Return Objectives
Disclaimer: Investment returns are not guaranteed and past performance is not an indicator of future performance. The greater the exposure to growth assets the greater the level of volatility you will experience. We encourage you to engage a qualified financial adviser to determine what investments are appropriate for you.