Strategy 7 Offset your investment loan to retain tax efficiency This is the seventh part in a 9 part series on strategies for dealing with debt in 2009. Many of you will be familiar with the case studies because as a Newealth client we discuss and recommend such strategies to you when looking for ways to reduce costs on your balance sheet and ways to grow your balance sheet wealth. If you have already repaid the loan that relates to the purchase of your home then you could deposit your surplus cash into a 100% offset account linked to your investment loan which would earn you a higher after-tax return than a cash account and permit you to withdraw the surplus cash without affecting the tax-deductibility of the investment loan interest cost. WARNING, all the case studies are examples only and are not intended to be comprehensive or to constitute advice which is why you need to call me to discuss the relevance of the strategy to your particular circumstances. At Newealth we are always looking to innovate and improve our ongoing advice and services wherever possible and if you have any ideas or comments, please feel free to email me at invest@newealth.com.au or to call me on +61 2 9267 2322.
23rd-March-2009 | 
