Do you understand your finances? Help may be at hand

Is the complexity and cost of financial advice putting you off from getting it? And should it be free, or should it come with a cost?

She looks up at piggy bank Credit: AscentXmedia/Getty Images

Consumer Group Adviser Ratings says the median cost of financial advice last year was $3,529 and only 1.9 million people received it, which is a record low.

Now - Treasury is conducting a national review to try to simplify the system and improve accessibility - with public submissions closing next week.

Kulasegaram Sanchayan reports in Tamil with a feature written by Marcus Megalokonomos.

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