Do you understand your finances? Help may be at hand

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

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?

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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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