Offset Accounts vs Redraw Facilities: The Complete Breakdown
We dive deep into the differences between offset accounts and redraw facilities, including tax implications for investors, how they interact with your loan structure, and which one is right for your situation.
Key Takeaways
Offset accounts maintain full tax deductibility for investment property loans
Redraw facilities may trigger tax complications if you redraw for personal use on an investment loan
100% offset accounts provide the same interest savings as making extra repayments
Consider using offset for your owner-occupied loan and keeping investment loans interest-only
Topics Covered
About the Host
Sakib Manzoor
Senior Finance Wellness Expert & FBAA Accredited Broker
As the founder of Secure Finance and host of The Secure Finance Podcast, Sakib brings years of experience in Australian mortgage broking. FBAA accredited, he's passionate about making property finance accessible and helping Australians make informed decisions about their home loans.
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