The Bank of Mum And Dad (BoMaD)
Many of our customers tell us how they wish they could do more for their kids and grandkids. Whether it’s to pay for educational expenses, help out with mortgage payments or contribute to a first home buyers deposit, many parents and grandparents want to be the ‘bank of mum and dad’ and give to their family when they need it most.
The ‘bank of mum and dad’ or BoMaD ranks as Australia’s tenth-largest lender according to the Australian Prudential Regulation Authority, accounting for more than $29 billion in funding for kids.
Typically funds are drawn from savings, with parents sometimes dipping into their superannaution, often depleting long term retirement funding.
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CONFIRM ELIGIBILITY
Use our simple online calculator to check your eligibility and see how much Household Capital you can access.
PERSONAL CONSULTATION
Explore your retirement funding needs during an online meeting with one of our retirement specialists. Personal, one-on-one service is important to us.
APPLICATION
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