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  1. 4GH1RH

    ING at 4% or IP offset at 5.38%?

    Will be refinancing in first quarter of 2015 with some additional loans etc. Thanks for the suggestions!
  2. 4GH1RH

    ING at 4% or IP offset at 5.38%?

    I wish on both accounts. Don't earn enough to be paying that much tax and don't have a partner.
  3. 4GH1RH

    ING at 4% or IP offset at 5.38%?

    Thanks everyone, worked it through and I get it now, sorry if I was a bit slow on the uptake. There is tax either way, but better to be paying tax on a $5380 gain than on a $4000 gain as ultimately you end up with more net. Sorry if this was a newbie question!
  4. 4GH1RH

    ING at 4% or IP offset at 5.38%?

    I keep my holiday savings separate to the IP for simplicity sake, I don't want funds getting mixed up :-) Unloadmymind I'm not sure I understand what you're trying to point out in this context?
  5. 4GH1RH

    ING at 4% or IP offset at 5.38%?

    Thanks everyone, as I suspected the offset is the better option, and fortunately where I have had the funds sitting. I keep the ING account for putting money aside for my holidays, so a much lesser amount!
  6. 4GH1RH

    ING at 4% or IP offset at 5.38%?

    Currently only have one property (that used to be my PPOR and has an offset account attached) but is now and IP and positively geared. I have ~$40K in cash savings - would it be better off in offsetting the IP loan and reducing that interest bill or would it be better off in something like...
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