What should I do with the inheritance I received?

This is a big question as it depends on your individual situation. Depending on your stage of life, how financially secure you are, how much you have inherited and what your goals and objectives are, the best use could be any number of strategies and will likely be a combination of strategies.

Some of the options we would consider include:

  • Paying down debt.
  • Contributing to super.
  • Retaining all or some assets for personal investment.
  • Building a diversified investment portfolio, considerate of what you already have.
  • Choosing an investment structure to be tax effective and minimise risk.

If you have inherited money and it has changed your situation materially, this is certainly a time to seek professional advice.

Speak to one of our degree qualified advisers about how this relates to you.

 

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GENERAL DISCLAIMER:

The content of this presentation is intended to be general information only and has been prepared without taking into account any person’s objectives, financial situation or needs. Each person should consider its appropriateness having regard to these matters or obtain relevant professional financial advice before making any financial decisions.  Examples are illustrative only. Each person should obtain any relevant professional financial, taxation and social security advice before making any financial decisions.