Money magazine Comments - Ask Paul: I'm 22 and about to inherit $300,000 Helen has just been told she will receive a $250,000-$300,000 inheritance. Paul Clitheroe advises her on how to manage the windfall. https://www.moneymag.com.au/feed/latest?story=141449301 Wed, 16 Aug 2017 19:39:11 +1000 Wed, 16 Aug 2017 19:39:11 +1000 en-AU Copyright 2026 Money magazine 5 Money magazine Comments - Ask Paul: I'm 22 and about to inherit $300,000 https://media.moneymag.com.au/prod/media/library/Money_Mag/Logo/Logo_401x133.png Comment by ron ()

ALWAYS TOO TEMPTING TO SPEND A 'LOTTO' WIN.
MAY BE BETTER TO HOLD IT IN SOME FORM OF TRUST, KEEP GETTING THE YOUTH ALLOWANCE & INCOME (AS YOU RIGHTLY POINT OUT, KEEP UP THE DISCIPLINE).
Then when the course is finished & she starts earn a full income the market (especially units) may have cooled a little & can access the funds to put down as a deposit. Rental return will eventually...............pay it off!!!!

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]]> ron () Wed, 16 Aug 2017 19:39:11 +1000 Comment by Wendy ()

Will she still be entitled to Youth Allowance now that she has this asset?

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]]> Wendy () Fri, 18 Aug 2017 17:55:16 +1000