Cash back with bonus

Money readers get fees back and more

DID YOU KNOW THAT when you take out a financial product, such as income insurance or a home loan, you continue to pay fees and trailing commissions, even though you may no longer be utilising the services of your adviser or broker?

For example, on a typical home loan you’re paying around $900 a year in fees and commissions – all for what? When was the last time you heard from your broker since signing up for the loan?

So imagine if somebody said to you: “We can claim back that trailing commission for you.” That’s what cashback service providers do. All you have to do is sign up with your nominated cashback provider and it will claim back (also known as “claw” back) the fees and commissions. The provider takes a percentage and you get to pocket the rest. It’s money for jam!

It’s not just insurance and home loans you can claim your money back on. You can also claw back fees and commission on superannuation, pensions, investment funds and margin loans, just to name a few.

As our reader offer this month, we’ve got some great incentives – exclusive to Money magazine readers – if you go ahead and claw back these fees and commissions through cashback provider There are several cashback providers on the market, but we’ve hooked up with, which has won our Best Cashback Provider award every year since 2009.

If you register your eligible financial product with to claim your money back, you’ll receive $50 towards your first year’s cashback account, plus you’ll go into the draw to win a $1500 travel voucher. Additionally, if you take out a new home loan or life or income insurance policy, or switch home loans or life or income protection insurance via, you’ll get $500 cash back.

It’s so simple! You simply register your financial product with and it will guide you through the process. Once receives your forms it will start working to get money back into your pocket. You receive 50% of every dollar collects for you until your refund amounts to $295, then 100% of every dollar above that amount. So, for example, if claws back $1, you will receive 50c; if they claw back $4000 you will receive $3705. The maximum annual fee retains is $295.

How to get this offer

Just follow the instructions


Go to and register to claw back all the fees and commission you are losing each year.

Once you have filled out your details online, you will be prompted to download Fund Broker Nomination registration forms. Please write MONEY FEB13 PROMOTION on the form before returning it to to receive this exclusive reader offer. Offer limited to the first 1000 new accounts.


Readers receive $500 cash back if you:

• Have existing life or income protection insurance and switch your insurance to a new product brokered by

• Have no life or income protection insurance and take our insurance brokered by

• Have an existing home loan and switch your loan to a new product brokered by

• Have no home loan and take out a loan brokered by

To be eligible, readers must contact between February 1, 2013, and March 15, 2013, and ask for a life insurance or income protection insurance quote, or a home loan health check, and quote MONEY FEB13 PROMOTION to their customer services representative or in the inquiry email.

The offer is limited to the first 500 new home loan and life or income protection insurances. The minimum home loan amount eligible to participate is $250,000.

General terms and conditions: The Money magazine February 2013 Reader Offer Promotion is available only to Money readers over 18 years of age, and new clients to YourShare. This promotion will run from February 1, 2013, to March 15, 2013. All entrants go into the draw to win the $1500 travel/hotel voucher, which will be drawn on March 29, 2013. All forms are to be received via fax or email by March 15, 2013, or the envelope postmarked on or before March 15, 2013. For full terms and conditions, visit


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